Security News > 2023 > July > Growing scam activity linked to social media and automation

Experts at Group-IB noted both an increase in the number of scams as well as the number of people engaged in scam activity, both driven by the more frequent use of social media to spread scams and the growing automation of scam processes.

In the APAC region, 58% of scam resources targeting companies in seven core economic sectors used this vector, while in Europe, messengers remained the primary vector for scam activity.

Over the past year, scammers have increasingly turned to social media to launch their campaigns, and in the APAC region, 76% of scams targeting companies in seven core sectors seen by Group-IB leveraged social media.

In the Middle East and Africa region, the average number of scam resources per brand in the oil and gas, financial, and banking sectors increased 135% year-on-year, with 92% of scam resources being shared on social media.

A major driver of the increase in scam activity and a growing trend seen throughout the underground economy is the automation of many previously manual processes that required technical know-how.

Another example of the growing impact of automation in the scam industry is the rapid uptick in the number of scam resources hosted on the.

News URL

https://www.helpnetsecurity.com/2023/07/17/scam-resources-average-number/