(The Center Square) – Consumers are being warned by Florida Attorney General Ashley Moody about scammers using LinkedIn to target potential cryptocurrency investors.
Her announcement comes after LinkedIn published a security announcement to its users and after one Floridian lost her entire life savings of over $280,000 to a scammer who first contacted her through the professional networking site.
“Scammers try to build quick credibility with their targets in order to steal money or obtain personal information,” Moody said in a statement. “We are now seeing them utilize professional social media platforms, such as LinkedIn, in an attempt to appear experienced and knowledgeable. Once trust is gained, they begin to execute a multifaceted cryptocurrency-investment scheme.”
LinkedIn said it’s seen a rise in fraudulent activity over the last few months and received “questions on how we are working to prevent it.”
“First, our policies are clear on prohibiting fake profiles or fraudulent activity, including investment and financial scams,” the company said in a statement.
“Our teams use technology like artificial intelligence paired with teams of experts to stop the vast majority of content that violates these policies before it ever goes live – 96% of detected fake accounts and 99.1% of spam and scams are caught and removed by our…
