ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Facebook Hit by Another Scam as Hackers Exploit Profiles to Sell Fake Products

Facebook users, including a retired firefighter, face a new hacking trend where scammers hijack accounts to sell nonexistent items, victimizing friends.
PUBLISHED FEB 4, 2024
Cover Image Source: The Facebook logo is seen on the screen of an iPhone | Getty Images | Photo by Chesnot
Cover Image Source: The Facebook logo is seen on the screen of an iPhone | Getty Images | Photo by Chesnot
A person holds an iPhone displaying the Facebook app logo | Getty Images | Photo by Carl Court
A person holds an iPhone displaying the Facebook app logo | Getty Images | Photo by Carl Court

Facebook users are falling prey to a new hacking scheme where scammers exploit compromised accounts to sell fake items. Recently, a deceased veteran's Facebook profile was used for siphoning off money from unsuspecting victims by manipulating their sentiments. But in another case, the victim managed to put a stop to the scam with the assistance of investigative reporters. Pete Gagliardo, a retired firefighter, found himself at the center of a distressing Facebook hack, where scammers took control of his account to orchestrate a fraudulent scheme. Friends and acquaintances believed they were purchasing items such as concert tickets and memorabilia from Gagliardo, but later realized they had fallen prey to a sophisticated scam.

The scammers meticulously impersonated Gagliardo, using direct messages curated from his online posts to deceive friends into making payments for non-existent items. The victims, scattered from Florida to Putnam Lake, were tricked into buying items ranging from concert tickets to tractors, believing that they were supporting Gagliardo's purported transactions. Gagliardo was locked out of his account and reported the incident to Facebook on Christmas but was met with a staggering six-month wait time for assistance. With three billion users worldwide, the social media giant's delayed response left Gagliardo and others exposed to the scammers' deceptive activities.

Computer hacker silhouette. Green binary code background | Getty Images | Photo by Bill Hinton
Computer hacker silhouette. Green binary code background | Getty Images | Photo by Bill Hinton

The scam doesn't spare celebrities either, as Vincent Curatolo, known for his role in "The Sopranos," was also targeted by the fraudulent scheme on Facebook. Impostors exploited Curatolo's identity on the social media platform, and lured strangers to show up at his doorstep seeking signed memorabilia, acting lessons, and shoutouts they had paid for to the imposter.

Users are urged to be vigilant for signs of a hack, including notices about changes to email, password, or birthday details, friend requests and messages from strangers that weren't initiated by the user, and posts that they did not create. Panic-stricken by the fraudulent activities on his account, Gagliardo sought the assistance of an investigative news outlet, who reached out to Meta, Facebook's parent company. The news outlet requested immediate action to stop the ongoing scam and thanks to this intervention, Gagliardo regained control of his account within hours.

To enhance security on social media platforms, users are advised to watch for payment recipient changes, report hacks promptly, and request friends and family to post warnings about suspected scams. In this particular scheme, all victims were asked to send money to individuals who were not the legitimate account owners. While the efforts of investigative reporters successfully halted the scam, efforts are ongoing to secure refunds for the victims who fell prey to the deceptive transactions orchestrated by the hackers. As per reports, cybercriminal enterprise is expanding, constituting a multibillion-dollar industry, potentially ranking as the world's third-largest economy after the United States and China. This Facebook hacking incident underscores the increasing sophistication of cyber threats on social media platforms, emphasizing the need for users to remain vigilant and take immediate action when suspicious activities arise.

MORE ON MARKET REALIST
Although the kitchen makes it look like another family home, Jenner's house is a mansion with top-of-the-line amenities.
19 hours ago
The man admitted that the watch had been handled roughly since he didn't know its real value.
23 hours ago
It made her realize how it was something that her husband would never face.
3 days ago
You need to look for the series date located on the right of the photograph of George Washington.
4 days ago
Winfrey assured him that it isn't too expensive saying that it costs only about "a hundred something" dollars.
6 days ago
The shiny blue suitcase itself made up for the investment and she made more startling discoveries.
6 days ago
Many took to the comment section and talked about the situation, with some saying that it was no big deal.
7 days ago
The traveller took to X to share the screenshots of the apps showing the price difference.
Nov 9, 2024
Getting struck by lightning and then surviving to win a lottery worth $1 million is next to impossible.
Nov 8, 2024
When the bill came, the group of four was shocked and their reactions were captured in a TikTok video which now has over 8.8 million views.
Nov 8, 2024
Parcells wrote the checks worth millions and never even asked the players to pay the money back.
Nov 7, 2024
The way he lived and his chosen career path never gave anything away about his investments.
Nov 7, 2024
She also recommended taking time before responding to messages to gauge the person's real intentions.
Nov 6, 2024
The revolutionary new ad-tech startup STIC has officially launched, enabling everyday drivers to turn their vehicles into rolling billboards and earn extra income with each mile.
Nov 6, 2024
Apart from the discounts, Walmart also announced changes to delivery timings and updates on an AI assistant.
Nov 2, 2024
People will receive a share of the massive settlement based on the number of bars that they bought between the given dates.
Nov 2, 2024
The expert that Harrison consulted gave valuations that were closer to what the seller was asking for.
Nov 2, 2024
O'Leary's comments are backed by data showing how a vast majority of Americans need coffee to kick-start their day.
Nov 1, 2024
The man's wife refused to believe him since she was used to him playing pranks on her.
Oct 29, 2024
When told that his profit margins were low, the innovator said that he was selling the product to farmers.
Oct 29, 2024