AUGUST 25, 2023
99% of fraud is now on Facebook
Why I’ve Finally Left Facebook Forever
“Yup, 99% of all the cases we get now are Facebook fraud,” said the police officer apologetically, “We can’t even contact them... and we ARE the police!” He added as he merrily chomped on a Haribo Starmix.
There’s a glitch in Facebook (Meta’s), login systems that you should know about and it might save you a tonne of cash if you read on.
I should know. As I watched hundreds of pounds being sucked out of my bank accounts in the desperate minutes I had to block their attempts to drain everything, whilst Silky Suspender Style Jumpsuit ads were inundating my Facebook feed.
Two-factor authentication is meant to work. Banks use it. Facebook uses it. You’re meant to get a text message on the phone registered to your account to verify it’s you.
But what if the criminals change the number on your account? In Meta’s case, that’s it, your account is no longer yours. As there is no physical way to contact them other than through the platform that you are now locked out of.
This breach is why criminals are harvesting cash on there happily and why the police are powerless.
If you have a payment method attached to Facebook, either delete it or make sure it has a specific limit on it.
The reason the fake ads that the criminals had set up were so successful in my case was that I had PayPal as a backup method on an old ad account and a couple of methods of payment for PayPal.
Once the initial £125 had been taken and I was notified of something wrong, and then minutes later another £200 declined on one card but sucked from another, it was a race against time to block everything.
Even today, three days later, Facebook are oblivious, as you cannot tell them. There is a police report and two fraud cases already being conducted and no one from Facebook is available to notify.
When I sent them my passport to verify it was me, the two-factor authentication went back to the criminal's mobile. Dead end.
They have all of my information and I’m powerless to do anything, because Facebook lets them. In case you’re wondering, I am now Carolyn Love selling ‘Silky Suspender Style Jumpsuits’. Not quite what I had in mind as a career change!
I’ve tried contacting Meta via WhatsApp and Instagram but they just tell you to contact Facebook via the platform, so I’m sure I (Damian) might pop up again at some point so that the criminals can use me, but it absolutely won’t be me.
Which is why I am saying goodbye to Facebook for good.
Meet the Author:
Damian Mark Smyth
Head Honcho, The Success Formula Club
Welcome to the new blog page where I will be posting weekly musings to help you grow your business
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