Facebook users have recently become victim to fraudulent activity on the platform, which is stealing users’ data through the display of advertisements.
Facebook discussed the malware attacks faced by its platform, at the 2020 security conference held at the Virus Bulletin. One of the hacker groups named Silent Fade has been reported to steal data of users over $4 million ransom.
The attackers successfully exploited users after several attempts by accessing their passwords and other important stored data and eventually hacking their accounts. The hacker group manipulated users through bugs and links, followed by using their bank accounts linked with Facebooks to buy ads on the platform.
Recently, the Campari group on Facebook became the target of a gang of malicious loots experts who hacked the account of a Facebook publicist. The group created advertisements from the publicist’s account and made the Campari group the target of its malware practice of stealing data. The gang then demanded a payoff of $15 to retrieve the data and was successful in corrupting the uncodified data worth 2TB before encrypting it.
The Campari group was threatened by the gang to pay the demanded amount or face their loss otherwise. Furthermore, the attackers titled the Facebook ad as ‘‘Security breach of Campari Group network’’ and continued to threaten the group to leak their private data. Facebook soon took notice of the fraudulent activity.
As Facebook continues to grow as a huge and popular social platform, unethical and fraudulent activities on the platform are increasing and encouraging other deceitful attacker groups to engage in such behavior.