SocialNewsBreaks – Meta Platforms Inc. (NASDAQ: META) Battles Rising Scams with Pre-Holiday Awareness Campaign

Meta Platforms Inc. (NASDAQ: META) is a leading technology company known for its social media platforms, including Facebook and Instagram. The company is actively working to protect its users from scams, which have surged by 56% recently. Meta’s pre-holiday anti-scam awareness campaign aims to educate users about various scam tactics, such as malicious texts, emails, and websites impersonating well-known brands.

Meta has successfully disrupted scams in countries like the U.S., India, and the U.K., where fraudsters attempted to deceive people with fake coupons and gift cards. These scams often aim to extract personal information from unsuspecting users. Another prevalent scam involves selling non-existent Christmas decorations at low prices, luring individuals into fraudulent transactions.

The company advises users to be cautious of phishing emails and texts that appear to come from familiar brands or financial institutions. Meta warns against sharing personal information and recommends vigilance when making online payments. Scammers often request upfront payments or use irreversible peer-to-peer payment methods, making it crucial for users to stay alert.

Scams have become the leading form of fraud, surpassing digital payment fraud. According to PYMNTS Intelligence, scam-related fraud now accounts for 23% of all fraudulent transactions, with financial losses from scams increasing by 121%. Relationship/trust and product/service scams are particularly common, manipulating individuals into authorizing fraudulent transactions.

Despite a 57% decline in digital payment fraud losses, financial institutions face growing challenges in managing scams. Fraudsters are increasingly using social engineering tactics to exploit trust and bypass security systems. Meta’s efforts to combat these scams are crucial in protecting users and maintaining trust in its platforms.

To view the company’s most recent earnings release, visit https://ibn.fm/3tFPL

About Meta

Meta builds technologies that help people connect, find communities and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram and WhatsApp further empowered billions around the world. Now, Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology. For more information, visit the company’s website at https://investor.FB.com

About SocialMediaRelations

SocialMediaRelations (“SMR”) is a dynamic communications platform with a focus on public and private companies in the transformative social media space. It is one of 65+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, SMR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, SMR brings its clients unparalleled recognition and brand awareness. SMR is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from SocialMediaRelations, text “SMR” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.SocialMediaRelations.com

Please see full terms of use and disclaimers on the SocialMediaRelations website applicable to all content provided by SMR, wherever published or re-published: https://www.SocialMediaRelations.com/Disclaimer

SocialMediaRelations
Los Angeles, CA
www.SocialMediaRelations.com
310.299.1717 Office
Editor@SocialMediaRelations.com

SocialMediaRelations is powered by IBN