FBI: Social Media, Virtual Currency Fraud Becoming a Huge Problem

coondoggie writes: Criminals taking advantage of personal data found on social media and vulnerabilities of the digital currency system are two of the emerging Internet law-breaking trends identified by the FBI's Internet Crime Complaint Center (IC3) in its annual look at online crime. The IC3 said 12% of the complaints submitted in 2014 contained a social media trait. Complaints involving social media have quadrupled over the last five years. In most cases, victim’s personal information was exploited through compromised accounts or social engineering.

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Complaints

[Earthquake Retrofit]

Complaints involving social media have quadrupled over the last five years.

Perhaps usage of online social media has also quadrupled over the last five years.