Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

When most people think about social media and cybersecurity, they typically think about hackers taking over Instagram accounts or Facebook Messenger scammers taking private information. It’s for good reason that this is top-of-mind. The Identity Theft Resource Center’s 2022 Consumer Impact Report revealed that social media account takeovers have grown by 1,000% in one year.

While there are an estimated 30,000 daily cyber attacks on business websites, there are roughly ten times as many attacks against social media accounts every single day, equating to roughly 1.4 billion accounts every month. Social media attacks and scams have become pervasive problems, with threat actors finding innovative new ways to deceive users and steal their information.

CISA issues a joint advisory on Russia’s Snake malware operation, hackers use ChatGPT lures to spread malware on Facebook, and a new phishing-as-a-service tool appears in the wild.

Social media platforms have become primary forms of communication in today’s digital world. This technology has allowed us to virtually connect with friends, family and colleagues from all over the globe. Still, it has opened up new avenues for cybercriminals to exploit users’ data. The risk of digital identity theft, financial fraud and other malicious activities increases with the use of social media.