LinkedIn has emerged as a hotspot for crypto fraudsters to fish for unsuspecting and innocent victims. This is highlighted by Sean Ragan, an FBI special agent who has been directing the San Francisco and Sacramento, California, field offices. Crypto fraudsters have been acting as professional financial advisors and reaching out to LinkedIn users, offering them scam schemes. As per a CNBC report, a group of LinkedIn users have seen losses of up to $200,000 (roughly Rs 1.5 crore) and $1.6 million (roughly
This type of fraudulent activity is significant, and there are many potential victims, as well as many previous and present victims, according to CNBC.
LinkedIn fraudsters have been known to enable victims to legit cryptocurrency investment platforms, provide them with recommendations on appropriate investments, gain their trust over several months, and then convince them to move their investments into self-controlled sites.
So, the criminals, that''s how they make money, that''s what they concentrate their time and attention on. And they are always thinking about different ways to victimize people and victims, for example. And they spend their time doing their homework, learning their goals, and their strategies, as well as their tools and tactics they employ.
LinkedIn has examined the topic, revealing that there has been a spike in fraud complaints on its platform.
The Microsoft-owned job-searching platform, launched in 2002, is being used by over 830 million users across the world.
The platform claims to have removed 32 million objectionable accounts in 2021, in order to ensure the safety of its authorized users.
In a blog post, Oscar Rodriguez, the senior director of trust, privacy, and equity at LinkedIn, said that we are doing everything we can to keep our members safe.
LinkedIn has reported that its automated defenses scoured 99.1 percent of spam and scams between July and December last year, totaling 70.8 million people.
Rodriguez advises LinkedIn users to disclose strangers asking for money, job postings that sound too good to be true, and romantic messages that might persuade potential victims to come out in a fraud scheme.