Social Media Account Hacking Leads to Financial Fraud

Cybercriminals are targeting social media users by hacking accounts and impersonating them to request money from friends and family. Once access is gained, scammers send urgent messages asking for financial help.

In a recent case, a user’s account was compromised, and their contacts received messages requesting emergency funds. Several people transferred money before realizing the account had been hacked.

Experts recommend enabling two-factor authentication and using strong passwords to secure accounts. Users should also verify unusual requests through a phone call before sending money.