Social Media Means
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According to the data presented by the Atlas VPN team, based on the Identity Theft Resource Center survey, Instagram users suffered the most from account takeover in 2021. In total, 84% of social media account takeover victims reported that their Instagram accounts got hijacked by scammers.
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Read More »While social media’s popularity and use has proliferated across the board, it’s emerged that user profiles of some platforms get compromised more often than others. According to the data presented by the Atlas VPN team, based on the Identity Theft Resource Center survey, Instagram users suffered the most from account takeover in 2021. In total, 84% of social media account takeover victims reported that their Instagram accounts got hijacked by scammers. Instagram, which has over 1.4 billion monthly active users, is the world’s fourth most popular social media channel. A quarter (25%) of takeover victims also reported losing their Facebook accounts to malicious actors. Twitter was reported by only 3% of account takeover victims, followed by WhatsApp (1%) and LinkedIn (1%). A whopping 68% of victims have not regained access to their accounts. Social media accounts are highly valuable to cybercriminals as they hold a wealth of personal information, which may include the user’s full name, email address, phone number, birth date, physical address, photos, private messages, and more, and can be used to commit fraud. A hijacked account can be utilised to take over even more accounts by publishing fraudulent posts, sending the victim’s contact list malicious links, and asking their friends to reveal personal information or provide funds. The malicious actors can also extort the account owner for money in exchange for getting back the stolen account. Some accounts, like Facebook, can be used to log into various other online accounts, such as online banking, which may hold even more sensitive information. Additionally, cybercriminals can sell compromised social media accounts on the dark web.
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