Meta takes down 23,000+ Facebook pages and accounts related to investment scams
Different types of scams to watch out for
Investment Scams : Fraudsters lure victims with promises of quick and high returns on cryptocurrency, real estate, or stocks, often posing as financial advisors on social media.
: Fraudsters lure victims with promises of quick and high returns on cryptocurrency, real estate, or stocks, often posing as financial advisors on social media. Advance Payment Scams: Scammers pretend to sell items on Facebook Marketplace, requesting payments upfront before disappearing.
Overpayment & Refund Scams: Fraudsters overpay for a product using a fake receipt, then request a partial refund, later reversing the transaction and keeping both sums.
Meta's anti-scam initiatives in India
Department of Telecommunications (DoT): Collaborated with WhatsApp on training workshops to educate officials on scam identification and reporting.
Department of Consumer Affairs (DoCA): Launched a joint digital literacy campaign under the 'Jago Grahak Jago' program to help Indian consumers spot fraud.
Indian Cybercrime Coordination Centre (I4C): Conducted law enforcement training across seven Indian states, equipping officers to tackle online scams and fraud.
Meta's safety tools to prevent scams
Messenger Warnings: Alerts for suspicious payment requests and scam activity.
Selfie Verification: Facial recognition technology to prevent celebrity impersonation scams and assist in account recovery.
Privacy Check-Up: Customisable settings to control who can contact users and view their personal information.
Meta has taken decisive action against investment and payment scams , removing more than 23,000 Facebook Pages and accounts that primarily targeted users in Brazil and India. The scammers employed deepfake technology , falsely depicting personal finance influencers, cricket stars, and business figures to promote fraudulent investment apps and gambling websites.Meta uncovered scam networks that redirected users to messaging apps for fake investment advice and even fraudulent websites mimicking the Google Play Store to distribute scam gambling apps. As part of its broader crackdown, Meta has shared new insights and practical tips to help users recognise investment and payment scams.Recognising that scams rarely target a single platform, Meta continues to work with Indian authorities to boost digital safety :Meta is rolling out several anti-scam measures across Facebook, Instagram, and WhatsApp:
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
22 minutes ago
- Hindustan Times
Bangladeshi model used fake Indian documents to purchase properties
Kolkata, Bangladeshi model and actress Shanta Pal allegedly used fake Indian documents to jointly purchase properties in the southern part of the city along with her live-in partner, a police officer said on Friday. Bangladeshi model used fake Indian documents to purchase properties Pal was arrested earlier this week, with fake Indian documents like Aadhaar card, ration card. Police are verifying the details of the property transaction, the officer said. Initial probe revealed that Pal allegedly used fake documents and entered into a "digital marriage" with the man, hailing from Andhra Pradesh. She arrived in Kolkata in 2023 from Barisal, Bangladesh, using her Bangladeshi passport. "She brought along her friend and alleged partner, Ashraf, a resident of Andhra Pradesh, who works in the merchant navy. "The duo rented an apartment in Park Street and later moved to Golf Green, where they began living together. Shanta reportedly kept Ashraf's passport in her possession. With the help of a local agent she allegedly forged multiple Indian identity documents, including ration card, Aadhaar card, voter ID, and PAN card," the officer said. She obtained a fake Aadhaar card, falsely claiming to be a resident of Gopalpur, Barshul in Burdwan, and later procured another under her Golf Green address. "Using both her and Ashraf's documents, they allegedly purchased properties in Kolkata," police said. Further investigation revealed that Shanta had represented Bangladesh in the Indo-Bangla Beauty Pageant in 2016, and in 2019, she went on to become Miss Asia Global. "Following her success in modelling, she began her acting career before eventually joining a Bangladeshi airline," he said. Police are cross-checking her professional background as part of the ongoing investigation into alleged identity fraud and property acquisition in India. In the last two years, Shanta acted in Tamil and Bengali films, and even signed an Odia film, the officer said. This article was generated from an automated news agency feed without modifications to text.
Indian Express
22 minutes ago
- Indian Express
‘No formal talks on F-35 jets yet': India clarifies after Trump tariff announcement
The Indian government on Friday clarified that there have been no formal discussions yet on the potential sale of F-35 fighter jets to India, despite a reference in the India-US joint statement earlier this year. In a written response to a question in the Lok Sabha, Minister of State for External Affairs Kirti Vardhan Singh said: 'The US will undertake a review of its policy on releasing fifth-generation fighters (such as the F-35) and undersea systems to India. No formal discussions have been held as yet on this issue.' This statement comes in the backdrop of PM Narendra Modi's February visit to US, during which the two sides elevated defence and strategic cooperation, but without finalising key hardware acquisitions like the F-35. The Ministry of External Affairs (MEA) was also asked whether any proposal had been made by the US regarding the F-35, and about the role of American diplomats in reducing tensions between India and Pakistan in the aftermath of the April 22 Pahalgam terror attack. Singh noted that diplomatic conversations were held with various countries, including the US, between April 22 and May 10. 'All our interlocutors were given a common message that India's approach was focused, measured and non-escalatory,' Singh said. He added that on May 9, India had conveyed its position clearly to US Vice President J D Vance. 'With specific reference to the United States, it was conveyed to Vice President J D Vance on May 9 that India would appropriately respond if Pakistan launched a major attack.' Singh clarified that the decision to cease military action was taken bilaterally between India and Pakistan. 'The discussion to cease military action took place directly between India and Pakistan through the existing channels of communication between the two-armed forces, and it was initiated at Pakistan's request.' Responding to a question on third-party mediation, Singh reiterated New Delhi's long-standing policy: 'As regards any proposal for third-party mediation, our longstanding position remains that any outstanding issue with Pakistan will be discussed only bilaterally. This has been made clear to all nations, including by the Prime Minister to the US President.' He emphasised that the India-US Comprehensive Global Strategic Partnership is underpinned by mutual trust and respect for sovereignty: 'The India-US Comprehensive Global Strategic Partnership is anchored in mutual trust, shared interests, goodwill and robust engagement between our citizens. The partnership has also benefited from growing strategic convergence and cooperation.' Singh also reaffirmed that India remains committed to strategic autonomy despite deepening ties with Washington. 'The Government of India closely evaluates all its external partnerships, including those in the defence and strategic domains, through the prism of India's national interest and commitment to strategic autonomy.'
&w=3840&q=100)
Business Standard
22 minutes ago
- Business Standard
Datanomics: Market access vs mass survival in unequal India-US fields
The US move on tariff is seen as its pressure tactics on forcing New Delhi to sign a bilateral trade agreement (BTA) with Washington Shikha Chaturvedi Listen to This Article United States (US) President Donald Trump announced imports from India would face a 25 per cent tariff over the existing most-favoured-nation rates, citing India's high trade barriers and 'strenuous and obnoxious' non-monetary restrictions. This move is seen as a pressure tactic to force India into signing a bilateral trade agreement (BTA). However, one of the major bones of contention in the BTA negotiations is agriculture. The US is demanding greater access to Indian agri markets. In the US, farmers receive direct income payments. In India, support is largely through subsidised inputs, public procurement, and food distribution schemes — offering basic
