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Social Media Cybercriminal Threats Increase 150%

Fake accounts and phishing are rising dramatically on social media.

By Roy Urrico | Updated on September 02, 2016

Of 4,840 social media accounts associated with 10 top brands, 19% were fraudulent. Because of its massive user base and increased corporate spending, social media is now an attractive cybercriminal target.

Sunnyvale, Calif.-based security firm Proofpoint’s latest quarterly threat summary Q2 Social Media Brand Fraud investigated how this business risk is evolving. The threat team examined Facebook, Twitter, YouTube, and Instagram from April through June 2016 for branded accounts claiming to be associated with ten top global brands.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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