Insider Betting on Polymarket

Insider trading is rife on Polymarket:

Analysis by the Anti-Corruption Data Collective, a non-profit research and advocacy group, found that long-shot bets—­defined as wagers of $2,500 or more at odds of 35 percent or less—­on the platform had an average win rate of around 52 percent in markets on military and defense actions.

That compares with a win rate of 25 percent across all politics-focused markets and just 14 percent for all markets on the platform as a whole.

It is absolutely insane that this is legal. We already know how insider betting warps sports. Insider betting warping politics—and military actions—is orders of magnitude worse.

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How to Protect Yourself After the Canvas Education Data Breach + Fake Amazon Recall Texts

If you have ever checked your child’s grades online, submitted a college paper through a school portal, downloaded homework assignments, or received messages from a teacher through a classroom app, there is a good chance you have used Canvas, a nationwide learning management system that was just in a massive data breach. 

This is exactly the moment McAfee+ Advanced was built for. With our built-in Scam Detector to flag risky links, QR codes, and deepfakes; Identity Monitoring that alerts you when your data appears where it shouldn’t; and Personal Data Cleanup that removes your information from the dark web and data brokers, McAfee+ Advanced is an all-in-one solution for protection after a data breach.

Now let’s get into what you need to know about this breach: 

Who Is Behind the Canvas Breach? 

The ransomware group ShinyHunters is claiming responsibility for the attack. The group alleges it stole roughly 275 million records tied to nearly 9,000 schools and educational institutions worldwide. 

How Did the Canvas Cyberattack Happen? 

Instructure, the company behind Canvas, confirmed a cyber incident affecting its cloud-hosted environment. The attackers later posted claims about the breach on their leak site, where ransomware groups pressure organizations into paying by threatening to release stolen data publicly. 

What Information Was Stolen in the Canvas Breach? 

The stolen data reportedly includes: 

  • Student names  
  • Teacher and staff names  
  • Email addresses  
  • Student IDs  
  • Course and enrollment information  
  • School-related records  

ShinyHunters claims the breach exposed roughly 275 million records and more than 231 million unique email addresses. 

How Could the Canvas Data Breach Impact Families and Students? 

Even if financial information was not exposed, this kind of data can still be extremely valuable to scammers. Criminals can use real school names, real classes, teacher names, and student information to create highly convincing phishing emails, fake school alerts, scholarship scams, tuition scams, or password reset messages. 

A scam message referencing your child’s actual school or assignment is much harder to spot as fake. 

This is what a Canvas message might look like when forwarded to your email inbox. Hackers claim to have millions of these types of messages.

This is a real message from Canvas from a community college professor after yours truly took an anthropology class for fun during the pandemic. It’s full of links to apply for programs and reach out to professors. It has exact details about courses I’ve taken.  

While this correspondence is real, it’s exactly the type of messaging that scammers could fake and replicate, replacing real links with fake “paid” opportunities to pursue degrees.  

Now think of the millions of messages and specific scenarios scammers have access to, to create dubious and convincing scams. That’s why protecting yourself after a breach is key.  

What To Do Right Now 

Here are some actions you can take immediately ot protect yourself after this breach:

  • Change you or your child’s Canvas password immediately, and update any other accounts where they reuse that password 
  • Turn on multi-factor authentication (2FA) on parent and student accounts wherever the school permits it — Instructure’s own post-incident guidance specifically called out enforcing MFA as a recommended precaution 
  • Ask your school what identity protection is being offered if sensitive data was involved 
  • Consider placing a credit freeze on your or your child’s file to block new accounts from being opened in their name 
  • Avoid clicking links in any messages that reference the breach, go directly to the official site instead 

And that, my friends, is issue number one in this week’s This Week in Scams. Let’s get into what else is on our radar in cybersecurity and scam news. 


Fake Amazon Recall Texts Are Targeting Shoppers  

Your phone buzzes. It’s a text from an unknown number, but the message looks official. 

“Dear Amazon Customer, we are writing to inform you that an item from your March 2026 order has been identified for recall.” There’s an order number. A link at the top of the message. A note about quality standards and a refund waiting for you. 

It looks real. It has the Amazon logo, the branded formatting, even a reference to the “Amazon Customer Safety Team.” The only thing it doesn’t have? Any connection to Amazon at all. 

A photo of a scam recall text I received this week. Luckily Scam Detector flags the link as risky if you try to click.

This is a fake Amazon recall scam, and it is making the rounds right now. The goal is to get you to click that link, which takes you to a site designed to harvest your login credentials, payment information, or both.  

If you get a text like this, do not click the link. Go directly to amazon.com in your browser, log in, and check your orders and messages from there. Amazon does not initiate recall or refund processes through unsolicited texts with outside links. 

What Is a Fake Amazon Recall Scam And How Does It Work? 

A fake Amazon recall scam is a text message or email in which criminals impersonate Amazon to convince you that one of your recent orders has been flagged for a product recall. The message directs you to an external link leading to a phishing site designed to steal your Amazon credentials, credit card details, or personal information. 

Red Flags To Watch For 

  • The text comes from an unknown number, not a short code or verified sender 
  • The link goes to a domain that is not amazon.com 
  • The message asks you to complete a refund through an external link 
  • Small typos or awkward phrasing appear in what looks like official communication 
  • The greeting says “Dear Amazon Customer” rather than your actual name 

What To Do If You Get One 

  • Do not click the link 
  • Go to amazon.com directly and check your orders and account notifications 
  • Report the text to Amazon at stop-spoofing@amazon.com 
  • Block the number 

Where McAfee Steps In (So You Don’t Have to Guess)  

Scams today are layered.  A fake email leads to stolen credentials. A breach leads to targeted phishing. And those follow-ups are getting harder to spot.  

With McAfee+ Advanced, multiple layers work together so you’re not left figuring it out after the damage is done: 

  • Identity Monitoring alerts you if your personal info shows up where it should not, so you can act fast  
  • Personal Data Cleanup helps remove your information from sites selling it. 
  • Scam Detector flags suspicious texts, emails, links, QR codes, and even deepfake videos before you engage  
  • Safe Browsing helps block risky sites, even if you do accidentally click  
  • Device Security helps detect malicious apps or downloads  
  • Secure VPN keeps your data private, especially on public Wi-Fi    

McAfee Safety Tips This Week 

Our advice based on this week’s scams and stories: 

  • If your child’s school uses Canvas, update their password now and enable multi-factor authentication if available 
  • Consider a credit freeze for your child’s identity, especially if sensitive identifiers were part of the breach 
  • Never click links in unsolicited texts about refunds, recalls, or account issues — go directly to the official site instead 
  • Treat any message that references your recent orders or personal account details with extra skepticism, even if it looks legitimate 
  • Use Scam Detector to check suspicious links before engaging, and stay alert in the weeks and months after a breach, not just the first few days 

And we’ll be back next week with more scams and cybersecurity news making headlines. 

The post How to Protect Yourself After the Canvas Education Data Breach + Fake Amazon Recall Texts appeared first on McAfee Blog.

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Canvas Breach Disrupts Schools & Colleges Nationwide

An ongoing data extortion attack targeting the widely-used education technology platform Canvas disrupted classes and coursework at school districts and universities across the United States today, after a cybercrime group defaced the service’s login page with a ransom demand that threatened to leak data from 275 million students and faculty across nearly 9,000 educational institutions.

A screenshot shared by a reader showing the extortion message that was shown on the Canvas login page today.

Canvas parent firm Instructure [NYSE:INST] responded to today’s defacement attacks by disabling the platform, which is used by thousands of schools, universities and businesses to manage coursework and assignments, and to communicate with students.

Instructure acknowledged a data breach earlier this week, after the cybercrime group ShinyHunters claimed responsibility and said they would leak data on tens of millions of students and faculty unless paid a ransom. The stated deadline for payment was initially set at May 6, but it was later pushed back to May 12.

In a statement on May 6, Instructure said the investigation so far shows the stolen information includes “certain identifying information of users at affected institutions, such as names, email addresses, and student ID numbers, as well as as messages among users.” The company said it found no evidence the breached data included more sensitive information, such as passwords, dates of birth, government identifiers or financial information.

The May 6 update stated that Canvas was fully operational, and that Instructure was not seeing any ongoing unauthorized activity on their platform. “At this stage, we believe the incident has been contained,” Instructure wrote.

However, by mid-day on Thursday, May 7, students and faculty at dozens of schools and universities were flooding social media sites with comments saying that a ransom demand from ShinyHunters had replaced the usual Canvas login page. Instructure responded by pulling Canvas offline and replacing the portal with the message, “Canvas is currently undergoing scheduled maintenance. Check back soon.”

“We anticipate being up soon, and will provide updates as soon as possible,” reads the current message on Instructure’s status page.

While the data stolen by ShinyHunters may or may not contain particularly sensitive information (ShinyHunters claims it includes several billion private messages among students and teachers, as well as names, phone numbers and email addresses), this attack could hardly have come at a worse time for Instructure: Many of the affected schools and universities are in the middle of final exams, and a prolonged outage could be highly damaging for the company.

The extortion message that greeted countless Canvas users today advised the affected schools to negotiate their own ransom payments to prevent the publication of their data — regardless of whether Instructure decides to pay.

“ShinyHunters has breached Instructure (again),” the extortion message read. “Instead of contacting us to resolve it they ignored us and did some ‘security patches.’”

A source close to the investigation who was not authorized to speak to the press told KrebsOnSecurity that a number of universities have already approached the cybercrime group about paying. The same source also pointed out that the ShinyHunters data leak blog no longer lists Instructure among its current extortion victims, and that the samples of data stolen from Canvas customers were removed as well. Data extortion groups like ShinyHunters will typically only remove victims from their leak sites after receiving an extortion payment or after a victim agrees to negotiate.

Dipan Mann, founder and CEO of the security firm Cloudskope, slammed Instructure for referring to today’s outage as a “scheduled maintenance” event on its status page. Mann said Shiny Hunters first demonstrated they’d breached Instructure on May 1, prompting Instructure’s Chief Information Security Officer Steve Proud to declare the following day that the incident had been contained. But Mann said today’s attack is at least the third time in the past eight months that Instructure has been breached by ShinyHunters.

In a blog post today, Mann noted that in September 2025, ShinyHunters released thousands of internal University of Pennsylvania files — donor records, internal memos, and other confidential materials — through what the Daily Pennsylvanian and other outlets later determined was, in part, a Canvas/Instructure-mediated access path.

“Penn was the named victim,” Mann wrote. “Instructure was the mechanism. The incident was treated as a Penn-specific story by most of the national press and quietly handled by Instructure as a customer-specific matter. That framing was wrong then. It is dramatically more wrong in light of the May 2026 events, which now look like the planned escalation of an attack pattern that ShinyHunters had been working against Instructure’s environment for at least eight months prior. The September 2025 Penn breach was the proof of concept. The May 1, 2026 incident was the production run. The May 7, 2026 recompromise was ShinyHunters demonstrating publicly that the May 2 ‘containment’ did not happen.”

In February, a ShinyHunters spokesperson told The Daily Pennsylvanian that Penn failed to pay a $1 million ransom demand. On March 5, ShinyHunters published 461 megabytes worth of data stolen from Penn, including thousands of files such as donor records and internal memos.

ShinyHunters is a prolific and fluid cybercriminal group that specializes in data theft and extortion. They typically gain access to companies through voice phishing and social engineering attacks that often involve impersonating IT personnel or other trusted members of a targeted organization.

Last month, ShinyHunters relieved the home security giant ADT of personal information on 5.5 million customers. The extortion group told BleepingComputer they breached the company by compromising an employee’s Okta single sign-on account in a voice phishing attack that enabled access to ADT’s Salesforce instance. BleepingComputer says ShinyHunters recently has taken credit for a number of extortion attacks against high-profile organizations, including Medtronic, Rockstar Games, McGraw Hill, 7-Eleven and the cruise line operator Carnival.

The attack on Canvas customers is just one of several major cybercrime campaigns being launched by ShinyHunters at the moment, said Charles Carmakal, chief technology officer at the Google-owned Mandiant Consulting. Carmakal declined to comment specifically on the Canvas breach, but said “there are multiple concurrent and discreet ShinyHunters intrusion and extortion campaigns happening right now.”

Cloudskope’s Mann said what happens next depends largely on whether Instructure’s customers — the universities, K-12 districts, and education ministries paying for Canvas — choose to apply pressure or absorb the breach quietly.

“The history of education-vendor incidents suggests the path of least resistance is the second one,” he concluded.

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Now Available: Use ChatGPT with McAfee to Spot Scams Faster

Scam messages are getting smarter and faster. 

According to McAfee’s 2026 State of the Scamiverse report, Americans now spend 114 hours a year trying to figure out what’s real and what’s fake online. That’s nearly three full workweeks lost to second-guessing messages, alerts, and links. 

And when scams do succeed, they move quickly. The typical scam unfolds in about 38 minutes, leaving little room for hesitation. 

That creates a gap: People want to check before they act, but the tools haven’t always met them in that moment. 

ChatGPT + McAfee is designed to close that gap, bringing scam detection directly to a platform people are already using to ask questions and make decisions. 

And it’s available to anyone. You don’t have to be a McAfee subscriber. 

This isn’t just detection. It’s guidance in the exact moment you’re deciding what to do.  

Instead of guessing, you can paste a message or drop in a screenshot and get a clear explanation of what’s riskyand what to do nextpowered by McAfee’s threat intelligence. 

What You Can Do with ChatGPT + McAfee 

With this integration, checking something suspicious becomes as simple as asking a question. 

Paste a message. Drop in a link. Upload a screenshot. 

McAfee analyzes it and explains what’s going on clearly and in context. 

Here’s how it works: 

Feature  What it does  How it protects you 
Link safety check  Paste a suspicious URL and get a reputational analysis based on McAfee threat intelligence  Scam links are often designed to look legitimate. A quick check helps avoid phishing and malware 
Message analysis  Submit texts, emails, or social messages for evaluation  Many scams now rely on urgency and tone. Analysis helps surface subtle red flags 
Screenshot uploads  Upload screenshots of messages, emails, or posts for review  Scams don’t always come as clean text. This makes it easier to check what you’re actually seeing 
Clear explanations  Get a breakdown of why something is flagged as risky or safe  Not just a warning—an explanation that helps you recognize patterns next time 
Guided next steps  Receive recommendations on what to do next  Helps prevent escalation, especially in moments of uncertainty 

It’s a quick, accessible way to get answers in the moment. But it’s just one part of a broader system designed to protect you more comprehensively. 

Add the app to your ChatGPT account here. 

McAfee’s ChatGPT extension

Built on McAfee’s Threat Intelligence 

Behind the scenes, ChatGPT + McAfee is powered by the same intelligence that fuels McAfee’s broader scam protection ecosystem. 

When you submit something for review: 

  • Links are checked against known threat signals  
  • Messages are analyzed for scam patterns and language cues  
  • Results are translated into clear, human-readable explanations  

The goal isn’t just to flag risk. It’s to help you understand it. 

A New Way to Stay Ahead of Scams 

Scams aren’t slowing down. If anything, they’re becoming more convincing, more personalized, and harder to detect. 

That’s where ChatGPT + McAfee comes in. But this is only one part of a much bigger system designed to protect you before, during, and after a scam attempt. 

With McAfee+ Advanced, multiple layers work together so you’re not left figuring it out after the damage is done: 

  • Identity Monitoring alerts you if your personal info shows up where it should not, so you can act fast  
  • Personal Data Cleanup helps remove your information from sites selling it. 
  • Scam Detector flags suspicious texts, emails, links, QR codes, and even deepfake videos before you engage  
  • Safe Browsing helps block risky sites, even if you do accidentally click  
  • Device Security helps detect malicious apps or downloads  
  • Secure VPN keeps your data private, especially on public Wi-Fi    

The ChatGPT experience gives you a fast, intuitive way to check something in the moment. 

McAfee+ Advanced makes sure you’re protected across everything else.

The post Now Available: Use ChatGPT with McAfee to Spot Scams Faster appeared first on McAfee Blog.

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Rowhammer Attack Against NVIDIA Chips

A new rowhammer attack gives complete control of NVIDIA CPUs.

On Thursday, two research teams, working independently of each other, demonstrated attacks against two cards from Nvidia’s Ampere generation that take GPU rowhammering into new—­and potentially much more consequential—­territory: GDDR bitflips that give adversaries full control of CPU memory, resulting in full system compromise of the host machine. For the attack to work, IOMMU memory management must be disabled, as is the default in BIOS settings.

“Our work shows that Rowhammer, which is well-studied on CPUs, is a serious threat on GPUs as well,” said Andrew Kwong, co-author of one of the papers. “GDDRHammer: Greatly Disturbing DRAM Rows­Cross-Component Rowhammer Attacks from Modern GPUs.” “With our work, we… show how an attacker can induce bit flips on the GPU to gain arbitrary read/write access to all of the CPU’s memory, resulting in complete compromise of the machine.”

Update Friday, April 3: On Friday, researchers unveiled a third Rowhammer attack that also demonstrates Rowhammer attacks on the RTX A6000 that achieves privilege escalation to a root shell. Unlike the previous two, the researchers said, it works even when IOMMU is enabled.

The second paper is GeForge: Hammering GDDR Memory to Forge GPU Page Tables for Fun and Profit:

…does largely the same thing, except that instead of exploiting the last-level page table, as GDDRHammer does, it manipulates the last-level page directory. It was able to induce 1,171 bitflips against the RTX 3060 and 202 bitflips against the RTX 6000.

GeForge, too, uses novel hammering patterns and memory massaging to corrupt GPU page table mappings in GDDR6 memory to acquire read and write access to the GPU memory space. From there, it acquires the same privileges over host CPU memory. The GeForge proof-of-concept exploit against the RTX 3060 concludes by opening a root shell window that allows the attacker to issue commands that run unfettered privileges on the host machine. The researchers said that both GDDRHammer and GeForge could do the same thing against the RTC 6000.

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The New Grad’s Guide to Student Loan Scams: How to Stay Safe

Graduating should feel like a fresh start, a time when the whole world is at your fingertips.   

Unfortunately, scammers often see graduates and think “student loans.” Or more specifically “student loan scams.” 

As student loan payments resume or repayment plans shift, scammers move in fast; posing as loan servicers, promising forgiveness, or offering to “simplify” your loans for a fee. 

The tricky part? These messages often look real. 

That’s where tools like McAfee’s Scam Detector come in. It flags suspicious emails, texts, links, and even deepfake-style messages, helping you spot what’s real before you click, respond, or pay. 

Here’s how to spot these scams and stay safe with McAfee: 

What Is a Student Loan Consolidation Scam? 

Student loan consolidation itself is a legitimate option. It allows you to combine multiple federal loans into one, often to simplify payments. 

Scammers exploit that confusion. 

Instead of helping, they pose as government partners or “relief experts” and charge you for services you can do yourself…for free. 

According to Federal Student Aid, you never have to pay for help managing or consolidating your federal student loans.  

That’s the baseline truth most scams try to blur. 

How These Scams Actually Work 

Step  What Happens  Red Flags  What Scammers Want 
1. The Outreach  You get an email, text, or call about “loan consolidation” or “forgiveness”  Urgent tone, unfamiliar sender, “final notice” language  Your attention and quick reaction 
2. The Hook  They claim you qualify for a special program or limited-time offer  “Act now,” “guaranteed forgiveness,” or “new law” claims  Your trust 
3. The Ask  They request payment or personal info  Upfront fees, requests for FSA ID or bank info  Money + account access 
4. The Control  They may ask for authorization to manage your loans  Power of attorney forms, account takeover steps  Full control of your loan account 

Luckily, for McAfee+ Advanced users, they have access to Scam Detector which alerts users to suspicious emails, messages, links, and deepfakes that are often employed by scammers in these student loan fraud scenarios.  

The Most Common Lies to Watch For 

Scammers tend to recycle the same scripts. Federal Student Aid warns about messages like: 

  • “Act immediately to qualify for student loan forgiveness before the program is discontinued.”  
  • “You’re eligible for total loan discharge. Call now.”  
  • “Your loans are flagged for forgiveness pending verification.”  

These messages are designed to create urgency, not clarity. 

And importantly, they are not coming from the U.S. Department of Education or its partners. 

Image Courtesy of STUDENTAID.GOV.

Where McAfee’s Scam Detector Comes In 

This is exactly the kind of gray-area messaging that trips people up. 

McAfee’s Scam Detector helps cut through that by: 

  • Flagging suspicious loan-related messages before you engage  
  • Identifying risky links in emails or texts  
  • Highlighting signs of impersonation or manipulation  
  • Helping you understand why something looks off  

Instead of relying on gut instinct alone, you get a second layer of analysis, right in the moment decisions happen. 

The Biggest Red Flags (Don’t Ignore These) 

Federal Student Aid highlights a few consistent warning signs, and they’re worth memorizing: 

1. They Charge You for “Help”

If a company asks for upfront or monthly fees to consolidate or manage your loans, that’s a major red flag. 

Free help is always available through your official loan servicer.  

2. They Promise Immediate Forgiveness

No legitimate program guarantees instant or total loan forgiveness. 

Most real programs require years of qualifying payments or specific eligibility criteria. 

3. They Ask for Your FSA ID

This is a hard line. 

Your FSA ID is legally equivalent to your signature—and no legitimate organization will ask for your password. 

4. They Pressure You to Act Fast

Urgency is a tactic, not a requirement. 

Scammers often claim deadlines tied to “new laws” or expiring programs to push quick decisions. 

5. They Want Control of Your Account

Requests for power of attorney or third-party authorization can allow scammers to: 

  • Change your account details  
  • Redirect communications  
  • Make decisions without your knowledge 

How to Protect Yourself Without Overthinking It 

You don’t need to become a cybersecurity expert. Just follow a few grounded rules: 

  • Go directly to official sources: Always use StudentAid.gov—not links sent to you  
  • Don’t pay for what’s free: Loan consolidation and repayment help are available at no cost  
  • Pause before clicking or responding: Most scams rely on speed  
  • Use tools that flag risk for you: Scam Detector adds a layer of protection when things look legitimate, but aren’t  

What to Do If You Think You Fell for a Student Loan Scam 

Act quickly to limit damage: 

  • Contact your loan servicer and revoke any third-party access  
  • Call your bank or credit card company to stop payments  
  • Change your FSA ID password immediately  
  • Report the incident to the Federal Trade Commission here 

Federal Student Aid also recommends reviewing your account activity and confirming no unauthorized changes were made.  

The Bottom Line 

Student loan consolidation scams don’t look like scams anymore. 

They look like helpful emails. Official notices. Last chances. 

That’s why protection today isn’t just about knowing the rules, it’s about having backup when something feels off. 

With McAfee, you’re not left guessing. You can spot suspicious messages, understand the risks, and move forward with confidence, without handing your time, money, or identity to someone who doesn’t deserve it. 

Because starting your post-grad life shouldn’t come with a scam attached. 

The post The New Grad’s Guide to Student Loan Scams: How to Stay Safe appeared first on McAfee Blog.

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DarkSword Malware

DarkSword is a sophisticated piece of malware—probably government designed—that targets iOS.

Google Threat Intelligence Group (GTIG) has identified a new iOS full-chain exploit that leveraged multiple zero-day vulnerabilities to fully compromise devices. Based on toolmarks in recovered payloads, we believe the exploit chain to be called DarkSword. Since at least November 2025, GTIG has observed multiple commercial surveillance vendors and suspected state-sponsored actors utilizing DarkSword in distinct campaigns. These threat actors have deployed the exploit chain against targets in Saudi Arabia, Turkey, Malaysia, and Ukraine.

DarkSword supports iOS versions 18.4 through 18.7 and utilizes six different vulnerabilities to deploy final-stage payloads. GTIG has identified three distinct malware families deployed following a successful DarkSword compromise: GHOSTBLADE, GHOSTKNIFE, and GHOSTSABER. The proliferation of this single exploit chain across disparate threat actors mirrors the previously discovered Coruna iOS exploit kit. Notably, UNC6353, a suspected Russian espionage group previously observed using Coruna, has recently incorporated DarkSword into their watering hole campaigns.

A week after it was identified, a version of it leaked onto the internet, where it is being used more broadly.

This news is a month old. Your devices are safe, assuming you patch regularly.

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Hacking Polymarket

Polymarket is a platform where people can bet on real-world events, political and otherwise. Leaving the ethical considerations of this aside (for one, it facilitates assassination), one of the issues with making this work is the verification of these real-world events. Polymarket gamblers have threatened a journalist because his story was being used to verify an event. And now, gamblers are taking hair dryers to weather sensors to rig weather bets.

There’s also insider trading: a lot of it.

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Ad Impersonation Scams and Record-Breaking Social Media Fraud Losses: This Week in Scams

You’re scrolling through Facebook or TikTok and see it. 

A flash sale from a brand you recognize. A limited-time investment opportunity. A job posting that promises quick money. 

The ad has comments. The account looks polished. Maybe someone you follow even liked it. 

So you click. 

From there, things move fast. You’re pushed to act quickly, enter your information, or send payment before the “deal” disappears. And just like that, the money is gone or your account is compromised. 

This isn’t an edge case anymore. According to new FTC data, nearly 30% of people who reported losing money to a scam in 2025 said it started on social media, with total losses hitting $2.1 billion. 

That’s why McAfee+ Advanced includes comprehensive protection designed to help you spot and stop scams at every step, including McAfee’s Scam Detector, which flags suspicious links and messages and explains why they may be risky, along with identity and privacy tools that help protect your information if a scam slips through. 

How Social Media Ad Scams Work 

A social media ad scam is when scammers use paid ads, fake profiles, or hijacked accounts on platforms like Facebook, Instagram, or TikTok to promote fake products, services, or investment opportunities in order to steal money or personal information. 

Step  What happens  What to do  How McAfee helps 
1  You see an ad, post, or DM promoting a deal, job, or investment  Don’t engage immediately, even if it looks legitimate  Scam Detector flags suspicious links and messages before you interact 
2  The ad links to a website or moves you into DMs  Avoid clicking unfamiliar links or continuing off-platform  Safe Browsing helps block risky or newly created websites 
3  You’re pressured to act quickly or “secure your spot”  Slow down and verify the company independently  Scam Detector explains urgency tactics and why they’re risky 
4  You’re asked to pay, share login info, or download something  Never send money or credentials based on a social media interaction  Identity Monitoring helps protect your personal data if exposed 
5  The product never arrives, the investment disappears, or your account is compromised  Report the scam and secure your accounts immediately  Personal Data Cleanup and monitoring help reduce ongoing exposure 

Red Flags To Watch For 

  • Deals that feel unusually cheap or urgent  
  • Ads linking to unfamiliar or slightly misspelled websites  
  • Requests to move conversations off-platform quickly  
  • Payment requests via apps, crypto, or wire transfer  
  • Accounts with limited history or inconsistent engagement  

And that is the first part of This Week in Scams! This Friday we’re taking a different format to talk about this new FTC data and all that it reveals.  

Let’s keep digging in: 

FTC Report: Social Media Scams Are Now The Most Costly Fraud Channel 

New data from the FTC shows just how dominant social media has become in the scam landscape. 

  • Social media scams drove $2.1 billion in reported losses in 2025  
  • Losses have increased eightfold since 2020  
  • Investment scams alone accounted for $1.1 billion of those losses 

Where Scams Are Happening And What’s Changing 

Category  What to know 
Most common scams  Shopping scams lead, with over 40% of victims reporting purchases from social media ads that never arrived 
Most costly scams  Investment scams drive the biggest losses, often starting with ads or group chats showing fake success 
What’s changing  Scammers are using platform tools like ads, targeting, and profile data to reach people more precisely than ever 

How Scams Play Out Across Platforms 

Platform  How scams typically start  What to watch for 
Facebook  Ads, Marketplace listings, hacked accounts  Fake stores, duplicate listings, urgent purchase pressure 
Instagram  Sponsored posts, influencer impersonation  “Limited drop” scams, fake brand collaborations 
TikTok  Ads, stolen videos/profiles, comment links, bio links,   “Get rich quick” schemes, external link funnels, reselling via TikTok 
WhatsApp  Group chats, investment communities  Fake testimonials, coordinated pressure to invest 

 How McAfee Protects You from Scams and Cyber Threats 

McAfee+ Advanced gives you multiple layers working together so you are not left figuring it out after the damage is done:   

  • Identity Monitoring alerts you if your personal info shows up where it should not, so you can act fast  
  • Personal Data Cleanup helps remove your information from data broker sites, making you harder to target in the first place  
  • Scam Detector flags suspicious texts, emails, links, and even deepfake videos before you engage  
  • Safe Browsing helps block risky sites if you do click  
  • Device Security helps detect malicious apps or downloads  
  • Secure VPN keeps your data private, especially on public Wi-Fi    

McAfee Safety Tips This Week 

Our advice based on this week’s scams and schemes: 

  • Treat social media ads like any other unknown source, not a trusted recommendation  
  • Pause before clicking, especially when urgency is involved  
  • Verify brands by going directly to their official website  
  • Avoid sending money or personal information through social media  
  • Use tools like Scam Detector to check suspicious links before engaging  

And we’ll be back next week with more scams making headlines.

The post Ad Impersonation Scams and Record-Breaking Social Media Fraud Losses: This Week in Scams appeared first on McAfee Blog.

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