With 1,590 million active users per month, Facebook is the Social Network. In fact, they just posted their quarterly earnings and they are up 50%. Cyber-criminals are aware of their success.

These platforms are the ideal place to “phish” for information. 18% of companies infected by malware were infected through social networks. Attackers pass as part of a company’s customer service team in order to steal sensitive data from consumers.

A recent study was released by the RSA organization proving that cyber-crime on social networks is a “global epidemic”. The RSA organization was founded by the creators of the encryption algorithm that is used every time we make a bank operation online or digitally sign something.

Cyber-crime in social networks

is a “global epidemic”

These platforms are not only hot-spots for attacks but they have also become the perfect forum for scammers to communicate. According to the study, there are more than 500 online fraud related groups with more than 220,000 members. The majority of these groups are public and visible.

Uncovering Credit Card Data

Fraudsters share information like credit card numbers accompanied by personal information and authorization codes, cyber-crime tutorials and other malware tools.

Proving this, the investigation invites us to write our CVV or CVV2 numbers in the Facebook search bar (those verification numbers on the back of a credit card). The result will surely surprise you: it is easier to find data from a stolen credit card than find an old friend you are trying to reconnect with.

In total, the RSA detected some 15,000 compromised credit cards publicized on social networks in the six months that the study lasted. He also discovered that many of these criminal groups focus their attacks on shops, banks and accounts of consumers in their area.

In China and Russia, platforms QQ and VKontakte are preferred by the scammers, while in the rest of the countries, Facebook remains the favorite. Unfortunately for us, cyber-criminals really “Like” Facebook.

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Source: Panda