Augnet’s Post

While SMS is an essential communication tool, there’s a growing issue many businesses don’t see: Artificially Inflated Traffic (AIT). Fraudsters are exploiting SMS networks by generating fake traffic to drive up their revenues, often without businesses even knowing. 💸📊   In a typical AIT scam, bots are used to create fake accounts in a number of apps, triggering one-time password messages. The fraudsters, along with rogue SMS vendors, intercept the traffic, and claim the profit - without delivering the messages. These fraudulent activities inflate your expenses and reduce your ROI, all while staying hidden in plain sight. In 2022, when X (formerly Twitter) was acquired, Elon Musk shared it was losing around $60 million a year in such SMS scams. Your business too could be paying for thousands of fake messages that never reach a real customer. 📉   At Augnet, we’re fighting back with advanced analytics to prevent AIT – protecting your budget and boosting the efficiency of your campaigns. 🔍💡   Learn more about SMS AIT here: https://lnkd.in/ewTY7jc8   #AIT #FraudPrevention #Augnet #SMS #TechSolutions

Be aware, everyone! 🚨 There is a new scam on LinkedIn to watch out for. If you receive a message from someone named “LinkedIn Members” claiming you're impressive and asking to switch to Google Chat or WhatsApp for further communication, beware! These scammers pose as professionals like Marketing Directors, Investment Analysts, and more, aiming to steal your money, bank details, and SSN. They are experts at fraud and "Take Money and Run" schemes. Stay vigilant, block, and report them right away! #ScamAlert #FraudProtection

Over the weekend, a viral social media trend, dubbed the “Infinite Money Glitch,” encouraged people to commit check fraud. What started as a misleading post on “X” (formerly Twitter) quickly spiraled on platforms like TikTok, showing just how rapidly these threats can emerge. Here’s a quick summary: 1) An individual writes a large check from their own account 2) The individual deposits the check via ATM into their account 3) The individual withdraws a large sum of cash While the trend was quickly discredited, those who performed the “glitch” are facing negative balances, frozen accounts, and even criminal charges. So, how can banks protect themselves and their customers from this viral trend (or scam, as we should properly categorize)? Learn more in our latest blog!

#ScamOfTheDay: Facebook Phony Grant Scam The scam starts with you getting a private message, with that person saying that they won a grant and it's easy for you to do, too. All you'd have to do is pay a processing fee, up front, of course. Read more about the scam here: https://lnkd.in/d_iKKSUn #ScamAlert

Alabama Man Arrested for Social Media Scam: SEC Steps In An Alabama man was recently arrested for orchestrating a social media scam that defrauded investors through fraudulent stock recommendations. The scam, which was promoted on platforms like X (formerly Twitter), targeted unsuspecting users with false financial advice, leading to significant losses. The SEC’s swift action in collaboration with law enforcement underscores the importance of vigilance in the digital age. Investors should be cautious of unsolicited financial advice and always verify the credibility of sources. Source: [Yahoo Finance](https://lnkd.in/gWsZ_PRW) #FinancialFraud #InvestorProtection #SEC #CyberFraud #SocialMediaScam #InvestmentScams

⚠️ Warning: Scammers are impersonating DTC Group team members to deceive and defraud people. Be cautious of any requests for personal information or money, and verify the authenticity of the request before taking any action. 🆘 ALWAYS DOUBLE CHECK DTC GROUP TEAM MEMBERS IN OUR OFFICAL WEBSITE - TELEGRAM - TWITTER🆘 ⚠️ "If you receive any messages or links that seem suspicious, do not click on them. Instead, please report them to us immediately. Additionally, if you are in communication with our team, please verify that you are speaking with the correct person by checking our official website, social media accounts, or telegram group chat." DTC Group's Official Links: https://linktr.ee/dtcgroup

How to Avoid Online Scams and What to Do if You Become a Victim https://buff.ly/3Av1BJ9 Be careful out there!

DoT Responds to Scam Reports via Social Media and the social media reply reaches to 6 crore viewers in less than 24 hours. Identification: Aditi Chopra, a business entrepreneur and a Twitter influencer, flagged a text message scam on May 2nd, prompting numerous victims to share similar experiences under her tweet thread (https://lnkd.in/dyMHY7_G). Action taken and Impact: The issue regarding scam was raised by various media houses as well, DoT picked up the news quickly and immediately took action on the scam for blocking/disconnection and the solution was responded directly to Aditi Chopra as below 👇 Discontinuation of the reported number and the blocking of 20 associated mobile handsets involved in cybercrime or financial fraud. Online users were urged to report such incidents promptly on "Chakshu" via the Sanchar Saarthi portal https://lnkd.in/dEfz6RFj *Impact:* The media quickly picked up on DoT's response to Aditi Chopra's tweet, with major publications like ANI, NDTV, India Today, Millennium Post, TV9 Bharatvarsh, The Economic Times, and others covered DoT's response. This news gained significant traction on digital media platforms, reaching an estimated audience of 59.5 million in less than 24 hours of its publication. #SancharSaathi #Chakshu #DIU #FightAgainstCyberCrime #AIforGood

Like this content? Follow us at: https://lnkd.in/gmm46hRq Stock market fraud via WhatsApp, Facebook, Telegram: Two investors lost over Rs 3 crore; how to identify scam and protect yourself Two incidents were reported in a week of individual investors allegedly losing over Rs 3 crore in two different stock market frauds. Such scams are on the rise and common people end up losing their savings to them. How can you identify when a fraudster is trying to dupe you? Is there a way to protect yourself and your savings from these scams? If you want to save yourself from the scams, you must understand the modus operandi of such stock market frauds. Read on to find out more. Read more at: https://lnkd.in/g5FZa3Uc

This is a must read about how fraud occurs. Being aware of the minir details helps you avoid scams. https://lnkd.in/eb87eg5x