Scammers use Elon Musk’s fake videos and photos to advertise on Facebook and Instagram. Meta, Facebook, and Instagram are doing anything to stop scammers out of control.
We hope that will change. Mostly not.
Andrea Strupba, a former contributor to the World Economic Forum and a cybersecurity researcher who focuses on digital communications, social media, and research, shared what he found. He also shared his thoughts with me.
Andrea pointed out in a thread on Twitter Facebook and Instagram both have a big problem. Both social media networks allow hundreds of sponsored posts that are linked to scams.
These scammers use Elon Musk’s name and face in fake interviews or fake endorsements.
In the past 3 days, this page has created 20 different ads on Facebook and Instagram with a video of Elon Musk proposing to invest in a crypto platform. Andrea tweeted.
Andrea found that these scammers also use verified Facebook pages to advertise on Meta apps. These verified pages are more likely to be hacked.
Elon Musk, SpaceX, and Tesla are used to these tricks.
The scammers not only limit themselves to verified pages, but they also recently created pages with less than ten thousand followers who got the green light from Facebook to advertise.
Elon Musk isn’t the only person these scammers use to advertise their scams. They also use the logos of both Tesla and SpaceX.
They use the power of the Meta Business Suite to target specific users by country, age, gender, and other variables.
Analyzing fraudulent ads on Facebook and Instagram
Andrea said his team analyzed fraudulent ads on these platforms that were linked to counterfeit products for a specific target audience.
What he found instead were those tricks which he added were very likely the tip of the iceberg. These scams have a common pattern.
In my opinion, Facebook doesn’t seem to care about stopping it. As long as they get their money back, they seem to be fine with the scams. If not, they will put an end to the scams. right?
Maybe someone in Meta will read that and prove me wrong.
Austrian office in Taipei hacked
Andrea’s team even found a government page implicated in the scams. He shared a screenshot of the Austrian Taipei office post claiming that “Tesla’s latest project shocks the world and the bank is in shock.”
Fortunately, the Austrian office in Taipei was able to recover his account and published a statement about it being hacked.
However, all of its content published between August 2021 and May 2022 has been deleted.
“We apologize for any inconvenience caused by the scammers. We have done everything we can to make sure that no one can anymore misuse our page.”
“From today, we will return in the usual way to inform you of our activities in Taiwan, and to inform you about Austria in all its aspects, such as culture, as a travel destination, its economy and business, science and innovation, sustainability and many other areas.”
“Thank you very much for your support. Team Austrian office Taipei.”
Elon Musk and Meta users are victims of neglect
Andrea Andrew Bosworth (Boz) has called up the chief technology officer of Meta and
Adam Mosseri, head of Instagram, needs to be serious about moderation in ads on these networks.
“Elon Musk and your users are victims of scammers and your negligence. Fix it now.”
In a statement to TeslarateAndrea Stropba said,
“There is no doubt that Elon Musk is not only one of the best entrepreneurs of his generation, but even a formidable allocator of capital. That is why so many people want to listen to his advice.”
“But all these ads appearing on Facebook and Instagram with potential investments are scams.”
“Given these malicious ads, there are many common patterns, keywords, and media content. Facebook has the technical skills to reduce the volume of these malicious activities. But they don’t.”