According to those who track fraud trends, social media influencers who sell fraud tips and guides online are the new black.
On the way to the latest "it" accessory, influencers are selling their methods at full speed and adorning the availability of "fullz", which is a slang for information intended to harm individuals, banks and retailers, according to a BBC report .com.
With fullz in hand, fraudsters can follow the steps in the guides to make online purchases or even take out a loan in someone else's name. The information often comes from phishing scams that pretend to be from legitimate sources and trick people into revealing their personal information, according to the report.
TikTok, Twitter, Facebook, Snapchat, Instagram and YouTube all told the BBC that they did not allow fraud on their platforms and said that they "took fraud very seriously and were constantly dealing with criminal content."
Still, the report asks the question: can social media companies take down posts faster than they are posted? [1