WhatsApp money scams on the rise as experts have their say
Criminals are using social media like WhatsApp to get hold of your personal information.
In today's digital age, where communication and financial transactions have become increasingly reliant on instant messaging apps, cybercriminals are constantly devising new ways to exploit unsuspecting individuals.
Recently, cybersecurity experts have sounded the alarm on a concerning trend: a surge in money scams targeting users of the popular messaging platform, WhatsApp.
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According to news reports, with over two-billion active users worldwide, WhatsApp has become a haven for cybercriminals seeking to exploit its massive user base.
Money scams on WhatsApp typically involve fraudsters impersonating trusted individuals or organisations and attempting to deceive users into sharing sensitive information or making unauthorised financial transactions.
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These scams can take various forms, including investment schemes, lottery frauds, fake job offers, and requests for emergency funds, among others.
According to EWN, Former Public Protector Thuli Madonsela was among the latest victims to reveal how she was scammed of about R10,000, sparking a flurry of responses from other social media users who were similarly conned.
As the threat of WhatsApp money scams continues to grow, it's crucial to stay vigilant and protect yourself from falling prey to these malicious schemes.
Here are some essential tips recommended by cybersecurity experts dot.com:
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1. Verify identities
Always verify the identity of the person contacting you on WhatsApp, especially if they are asking for financial assistance or sharing investment opportunities.
2. Be skeptical of unsolicited messages
If you receive an unexpected message from someone you don't know, especially if it involves money or personal information, exercise caution. Scammers often rely on unsolicited messages to initiate their fraudulent schemes.
3. Avoid sharing personal information
Never share sensitive information, such as bank account details, credit card numbers, or ID numbers, over WhatsApp.
4. Enable two-step verification
WhatsApp provides an additional layer of security through two-step verification. Enable this feature in your WhatsApp settings to add an extra barrier against unauthorised access to your account.
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