Fake links
Unfortunately, social media sites are also the perfect place for fraudsters and scammers. They use all sorts of methods to relieve you of your money but the most common one is the “fake links” scam.
Unfortunately, no matter how old the method is, it’s still as effective nowadays as it used to be in the beginning, with thousands of people clicking on links found in their inboxes or on their social media pages and becoming victims of these online scamsters.
Before you can say Jack Robinson, the hackers have already got access to your financial details and bank account, leaving you with next to nothing.
Read also: 5 Compelling Reasons to Delete Your Social Media Account Right Now
1 thought on “7 Ways Social Media Could Destroy Your Finances”
You omitted part of the ’employment’ risk of social media. Some organizations have policies – which are legally enforceable – stating that social media posts by employees can be grounds for dismissal. This could be for a number of reasons, such as sharing confidential company information or even just ripping the place up online. Like “I work at the ABC Medical Hospital and let me tell you they do not care about the patients. The hospital president is only concerned with making a lot of money and the doctors are terrible.” Kiss that job goodbye, and hope your NEXT employer doesn’t find out why you’re not with your previous employer anymore.