In a stunning display of popularity, Meta’s new social app, Threads, amassed a staggering 100 million sign-ups within its first week of launch. However, with this surge in users, scammers, fraudsters, and crypto scammers have also set their sights on the platform, posing risks to unsuspecting users. As per a report from Kaspersky, the rapid success of Threads has created an enticing environment for phishing schemes and identity theft, putting users’ personal and financial data at risk.
Fake ‘Threads’ Apps
Scammers have created websites that closely mimic Meta’s Threads, tricking users into sharing their login details. Falling for this scam could lead to losing access to your legitimate Threads account, as well as potentially compromising your Instagram and Facebook accounts.
Identity Theft and Doxxing
With Threads’ ever-growing user base, scammers have a fertile ground for identity theft and doxxing attempts. The risks associated with these threats are significant, as personal and corporate banking details tied to ad campaigns could be compromised, leading to financial loss.
‘Threads Coin’ Cryptocurrency Scam
Some fraudsters are promoting a bogus cryptocurrency called ‘Thread Coin,’ claiming it bridges the digital and physical realms in the Metaverse. However, this coin is a complete fabrication, and anyone investing Ethereum in it will only experience financial losses.
Follower Boost Scam
Users are lured into thinking they can exponentially increase their follower count on Threads for free. Scammers offer the chance to gain thousands of followers through a deceptive ‘verification process,’ which often leads users to subscribe to services or pay for non-existent prizes.
Protect Yourself from Scams
Security expert Olga Svistunova stresses the importance of vigilance when it comes to trending topics targeted by scammers. To avoid falling victim to scams, here are some essential steps to take:
- Exercise caution when downloading software online.
- Always verify the legitimacy of websites before sharing personal information.
- Create strong and unique passwords, and enable two-factor authentication where possible.
- Avoid clicking on suspicious website links or opening emails from unknown sources.
- Follow the golden rule: If you don’t know the source, don’t click or open it.
While Threads may have taken the social media world by storm, users must remain cautious of potential scams lurking on the platform. By staying vigilant and prioritizing cybersecurity measures, individuals and companies can protect themselves from falling victim to these fraudulent schemes. Remember, awareness and cautious online behavior are crucial to staying safe in the digital world.