I want to avoid financial fraud
Social media fraud - just because you're friends...
Here are three types of fraud often seen in social media.
You're offered a unique opportunity
A stranger offers you an investment. Whether it's a new product that's going to change the world, a project that will make lots of money or a legal loophole, ask yourself why the person would share such a good deal with someone else. It's a common way for fraudsters to make easy money.
Be even more careful if you're dealing with a friend or someone you know. It's very common for victims to know the fraudster well, so they don't bother doing the usual checks before investing. You should always confirm that the person offering you an investment is authorized to do so by contacting the AMF.
A friend in need
A good friend contacts you through social media. He tells you that he's in a difficult predicament and he needs your help financially... He may say for example that he was arrested while he was travelling and that he needs money to pay a fine, otherwise he'll be put in jail.
Be careful! Some fraudsters are able to steal the identity of someone you know through social media to extort money. Ask questions that only your friend knows the answer. Don't do anything without checking the person's identity and talking about it to people such as his family and friends.
Everyone's talking about it
A friend encourages you to download a new app and click on a link... To access it, you're asked for personal information such as your date of birth or your address.
It could be an attempt to steal your identity. Fraudsters could then use it to scam your friends or access your accounts. And who knows, maybe your friend is also the victim of the scam. Keep your personal information confidential.