Fraudsters who target LinkedIn users in sophisticated investment schemes pose a “significant threat” to the platform, the FBI tells CNBC.
"So the criminals, that's how they make money, that's what they focus their time and attention on," Ragan said."And they are always thinking about different ways to victimize people, victimize companies. And they spend their time doing their homework, defining their goals and their strategies, and their tools and tactics that they use.
LinkedIn's senior director of trust, privacy and equity, Oscar Rodriguez, said,"trying to identify what is fake and what is not fake is incredibly difficult." LinkedIn said its automated defenses caught 99.1% of spam and scams, a total of 70.8 million, in that same time period. Another 179,000 were removed after members reported them. LinkedIn said it doesn't provide estimates on how much money has been stolen from members through its platform.on its platform against sending money to people they don't know and responding to accounts with a questionable work history or other red flags, such as poor grammar.
Soe said when the conversation eventually turned to investing,"he showed me how he's profiting from his investments and told me I should start investing with crypto.com which I know is a legitimate website. I started with $400." "We take a proactive approach to managing and protecting against external threats, including scam and phishing campaigns," it said in a statement to CNBC."As with all financial transactions, fiat or crypto, it is critical to ensure the account receiving funds is legitimate and its owner is identified and trustworthy prior to the transfer."
"The fraudsters hide behind successful companies," another victim who lost $200,000 said."One of the biggest reasons I accepted the invite was the person stated on their profile that they worked for a legitimate company."
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