From fake charities to phishing scams, giveaways and even posing as a friend - cybercriminals are always finding new ways to steal from unsuspecting social media users. Their attempts see them trying to obtain account login credentials or personal information - with the ultimate goal of obtaining bank and credit card details.
With millions of active social media users across the world, fraudsters have a vast pool of potential victims to target. On Facebook, scams often take the form of fake links or prizes designed to obtain personal information.
On Instagram, scammers will often set up fake investment offers - promising great returns for a small investment. They may also offer to pay in return for promoting their products.