Researchers find 450,000 financial scams operating on social media

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Financial scams have doubled in the past year on social media but only a small pool of cyberattackers appear to be behind the surge. According to ZeroFOX researchers, around 250,000 finance and banking scams were lurking on social media platforms including Twitter and Facebook in 2016, but now, this estimate has almost doubled having reached a total of 437,165 fraudulent campaigns.

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