In 2020, a massive phishing campaign on Facebook successfully stole more than 15,000 accounts based in the Philippines. Using FB targeting technology, the scammers were able to identify users who are more likely to engage with their posts. By paying Facebook via sponsored posts, cybercriminals served the scam ads to those more likely to engage with their posts: page admins, 13 years old and above, and located in the Philippines.
Reporting these scams to Facebook will get you a message that the ad does not violate the social media giant’s community standards. Posting a comment to these posts would also be useless as Facebook won’t allow you to comment that the post is a scam. Then, the scams suddenly came to a halt. The same modus in the 2020 phishing campaign was applied with one twist. Here is how it goes: The scammers pay Facebook to place sponsored posts, ask the targeted users to log into a fake FB page, and collect Facebook credentials. Taking over the account did not happen in this latest phishing campaign, and we asked why.
They who know nothing else but money & love only money can do everything for money - 'money money money always money in a big man's world... aha!'
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