Most of us have seen scammy ads online which obviously download malware and viruses onto our systems if clicked, or seen people trying to scam others for information or money, or even online threats. We know that social media is not inherently safe. However, is social media secure?
The answer to that question is also, unfortunately, no. Despite the fact that most social media platforms use two-factor-authentication (including Facebook, X, and LinkedIn), individuals AND businesses are vulnerable to cybercrime. Total we’re talking about cybercrime and the security risks social media can pose, the impact it can have, and what you can do to protect yourself and your business.
Cybercriminal Activity via Social Media
Including virus downloading and money scams that most people have seen on social media, there are multiple signs of cybercriminal activity that put you at risk.
Online Scams/Cryptocurrency Scams
These can come through fraudulent social media accounts, ads, and links to scammy websites. Often they promise get-rich-quick opportunities, investments, or discounts on popular products. These scams can also include fake cryptocurrency schemes that take a little of your money and promise great returns. Users that fall for these scams often lose money and/or important private information.
Identity Theft
Victims of identity theft have their names, photographs, and personal information stolen. This information can be used to create fake social media accounts to scam other people into selling their information or giving the fake account money. Financial fraud and impersonation are the biggest crimes cybercriminals commit when they steal identities.
Phishing/Malware
Similar to identity theft, cybercriminals create fake profiles or websites that mimic individuals, businesses, or brands in attempts to trick individuals into revealing personal information. By posing as a trustworthy account, these cybercriminals are phishing for usernames, passwords, or financial details. In the same vein, they can try to trick individuals into downloading malware onto their devices.
Cyberbullying/Harassment
Social media gives a platform to online harassers. These criminals can be plain bullies targeting individuals with hurtful comments, but they can also threaten people or threaten to share private information or photos. By nature of being able to hide behind a screen and the anonymity of the internet, these cybercrimes have the potential to have emotional and psychological impacts for victims.
Fake News/Misinformation
It is easy for malicious accounts to spread fake news and misinformation on the internet, for all kinds of reasons. Some do it for attention, likes, or clicks. Others are able to manipulate public opinion or damage reputations of individuals or businesses with negative rumors or misinformation.
Hacking/Account Takeovers
Just as hackers want to get into a business’ servers to find access to personal information, financial information, or to steal data, cybercriminals want to hack into social media accounts. They can steal personal data, post malicious content, or use the compromised account to commit more crimes under a fake name.
Real Time Security Risks
Besides social media giving cybercriminals the chance to try to steal your data and other information, it can pose real time security risks. We recommend avoiding posting on social media in real time. By posting in real time, it poses a greater physical and cyber risk to you and your business. When criminals know that you are out of the house it puts you, your home, and your office at physical risk. Cyber criminals can use your real-time updates of location and your posting habits to build a personal profile on you, making it easier to take advantage of you, putting you at greater cyber risk.
The Impact of Cybercrime
Falling victim to cybercrime can negatively affect you and your business. Cybercrimes pose a personal and financial loss. Whether through phishing, malware, an online scam, or identity theft, personal data can be leaked and you can experience permanent financial loss. Your invaded privacy can result in more harassment or blackmailing with your private information. These crimes can spread misinformation and cause trust to be lost.
How Can You Protect Yourself?
Knowing the risks of being on social media, it’s comforting to know that there ARE steps you can take to minimize that risk and keep yourself safe.
- Strong Passwords: Unique passwords between social media accounts will keep you safer. Password managers can help with this.
- Skepticism: Question unverified senders including messages, friend requests, and offers from suspicious sources.
- Privacy Settings: Limit public access and limit the amount of personal information you share.
- Think Before You Post: Avoid sharing personal information or data online.
- Phishing/Malware Awareness: Be cautious of links or downloads from unverified senders. Verify authenticity of messages before clicking.
- Block and Report: Limit contact with suspicious parties and report it to the social media platform.
- Don’t Post In Real Time: Protect your privacy and limit risk by not sharing photos, especially location photos, in real time.
Social media can post a strong risk towards you and your data’s security. Fortunately, there are answers. Cybercriminals are always creating new ways to threaten your safety. To stay informed and protect yourself, your data, and your business, we recommend working with professionals like us who have your best interest in mind. Connect with us for a free consultation today!
