If someone is victimized, it could damage their reputation and cost them thousands of dollars in ad revenue. This is what happened to Dale Berry, the owner of an elementary school English academy in Japan who had his Facebook account compromised by scammers. Hackers posed as legitimate ads on the account, which stripped his business of money and left him with a tarnished reputation.
The hackers first targeted people who had weak passwords like “qwerty” and “password.” Once they have access to an account, they scan the top five most popular friends and pretend to be one of them and ask for an account reset code. They then make use of an option to secure people to add friends as trusted contacts in case they lose their password, and can ask those trusted friends to supply the one-time password to regain access to the account.
Another method for hackers to gain access accounts is by purchasing stolen login information. Recently there was a cache of 26 million Amazon, LinkedIn, and Facebook passwords were discovered for sale on the dark web. A large portion of them were leaked through custom Trojan malware that infiltrated millions Windows-based computers between the years 2018 and 2020.
Users can avoid these attacks by always making sure that the address bar on their browser is Facebook and not a different website. They should also make sure to use the password that combines numbers spaces, letters and spaces and never use the same password for other email or social media accounts. In addition they should be checking their activity notifications frequently. Twitter, for instance, sends out notifications when users log in from a new location or device.
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