Of the 4,840 social media accounts associated with the 10 top brands, 19% were fraudulent, Proofpoint found. 30% of the 902 fraudulent accounts were offers for counterfeit products and services. 4% of these accounts were used for phishing for PII, malware, brand satire, and protest. The fastest-growing social media threat is phishing, where fraudsters pose as legitimate brands, according to the report. The market will likely begin to draw a correlation between social media fraud and increased corporate spending on social media.”]
Source: https://www.darkreading.com/cloud/social-media-fraud-spikes-study-finds