Fraudsters are using compromised social media accounts to impersonate your friends and ask for help “setting up their new account” by asking you to provide them with a code or to click on a link.
Be skeptical! Your account becomes compromised once you give the code or click the link. Once compromised, the fraudsters contact your friends list through your account, asking for the same favour while impersonating you.
The CAFC has also received reports of clicking on the link provided leading to bank account takeovers.
If a friend reaches out for help on social media, contact them through another form of communication, ideally by using the phone number saved in your contact list.
Download our tipsheet!
View, print, or download our resource below to help protect yourself and others against the “Help me set up a new account” scam!