During the study conducted between June and October-2021, the firm identified more than 26,000 active fraudulent accounts operating on Facebook. The accounts of more than 20,000 active fraudsters were found on Instagram. This year is more than 2020, but less than 2019. In 2019, 56,000 such accounts were identified. The special thing is that about 65% of the fraudulent accounts found in 2021 were based in China. 14 per cent of such accounts were being operated from Russia and 7.5 per cent from Turkey.
Ghost Data is an Italian based analytics firm. It was founded by cyber security expert Andrea Stropa. She is also a Data Analyst Consultant at the World Economic Forum. The firm has a record of digital propaganda being spread on social media by fraudsters and Islamic State supporters.
Online commerce is a priority for Meta. It has given new features to buy and has increased the revenue of the company. But users selling counterfeit goods create problems for them by using the company’s platform. A Meta spokesperson said in a statement that counterfeit and fraudulent sales are a problem that persists with new technology. We are getting better every day at preventing this and cracking down on fraudsters.
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