Tip of the Week: How to Avoid Social Media Threats in 2024

You can take numerous steps to secure your social media accounts and tighten your privacy settings. Yet, every time you log in, you’re still exposing yourself to a vast stream of information and content. Our civilization has never encountered anything like this before. These platforms are designed to curate content you want to see, encouraging you to stay longer and return frequently. This design, meant to be enticing and addictive, poses dangers, especially to certain individuals.

Social media is risky because it is full of scams and fake schemes. Let's explore ways to enhance our safety and that of our loved ones on social media.

Social Media is Revolutionary, Yet Risky

Platforms like Facebook, Instagram, and TikTok are immensely popular, connecting hundreds of millions or even billions of people. They have spawned entire industries and careers, providing platforms for countless individuals and organizations to be seen and heard. These platforms have made a lot of money. They have also slowed down the distribution of creative content. Additionally, they have become attractive targets for scammers.

Over 3 billion people use Facebook regularly. They spend an average of 2 hours and 24 minutes per day on the platform. This time is spent looking at posts. 

If I had diet pills made from sugar and vinegar to sell, that’s where I’d want to be. 

Scammers thrive on social media because there are more potential targets. It's like a pickpocket in Times Square, where there are crowds of people, compared to a quiet trail. The large number of users on social media platforms (like in Times Square) makes it easier for scammers to find victims. In contrast, there are fewer people to target elsewhere, as there are on the aforementioned quiet trail.

Be Wary of Scams on Social Media

We live in a world where technology is constantly being exploited by scammers. You get unwanted calls and texts from strangers pretending to be models or offering investments in cryptocurrency. You also receive fake emails from companies that seem real. The typical American faces a scam every hour they are awake, online, on the phone, in public, or on TV.

Social media scams are particularly insidious because scammers often pose as someone you know. If your friend Charlie has a weak Facebook password and their account is hacked, a scammer could pretend to be someone else, like Charlie, to trick you into giving away personal information or sending money.

Here are some common types of social media scams to watch out for:

• Celebrity scams - Scammers pretend to be famous individuals or entities to trick you. Despite appearances, celebrities don't need you to send them $500, nor will Bill Gates share his wealth for likes or shares.
• Information-gathering scams - Quizzes and polls may ask for personal information that can be used against you, like the name of your first pet or your childhood best friend.
• Impersonation scams - Scammers can easily create profiles that mimic those of your friends. If your friend’s online behavior seems off, verify their actions through a real-life call.
• Romance scams - Scammers pose as attractive individuals with personal problems to win your heart and your money. They might even send fraudulent checks to gain your trust before requesting a refund.
• Cryptocurrency and investment scams - Scammers often pose as investment experts to lure you into fake opportunities. Usually, they are the only ones profiting.
• Work-from-home and easy money scams - If an offer sounds too good to be true, it probably is. Claims of making thousands of dollars a week from home often lead to malware downloads or illegal pyramid schemes.

Understanding Misinformation

Misinformation is rampant on social media, whether silly, annoying, or dangerously misleading. This isn’t new—snake oil salesmen have existed for over a century. Misinformation now spreads easily on social media through filter bubbles. These bubbles show users content that matches their interests and beliefs, keeping them engaged.

This leads to social media addiction and amplifies misinformation. For example, someone who sells diet and workout plans can gain loyal customers by consistently advertising untrue benefits of their product. This can lead to a dedicated group of followers who believe in the effectiveness of the plans. By repeatedly promoting these false claims, the seller can create a strong customer base that trusts in the product's supposed advantages.

Misinformation often has a hidden agenda, and it thrives on strong emotions like fear, loneliness, and frustration. Even intelligent people can get trapped in this cycle.

Avoiding Misinformation

Approach everything with skepticism. For medical advice, consult your doctor and research beyond social media when something seems off. Misinformation often claims that the truth is a lie, and large communities can perpetuate these falsehoods. Take your time to understand a topic and avoid making decisions based on social media alone.

Think Before You Click

Always be cautious about clicking on ads, links in messages, and posts leading to unfamiliar websites. Be skeptical of unsolicited messages or friend requests and verify the legitimacy of something before providing personal information.

Social media offers immense potential, from connecting with friends and family to networking and business growth. However, it’s also a haven for malicious actors. We hope this guide provides valuable insights. For further assistance in securing your business, contact the cybersecurity experts at Ferrum Technology Services at (847) 697-3282.