ALERT: Watch Out For Facebook IPO-Related Scams

Scammers will seize any angle they can to try to reel in the unsuspecting, and the initial public offering announced by Facebook yesterday is no exception.

Sophos posted a reminder that bogus Facebook stock was offered for sale last year, and yesterday’s IPO announcement will likely bring that scam back to center stage.

Naked Security warned of the potential of offers of free Facebook stock being used as bait to entice users to clock on links or join pages.

And the Financial Industry Regulatory Authority’s Senior Vice President for Investor Education told the security company:

Investors might think they are getting in on the ground floor of innovative social media companies, but instead find that they may have handed over real money for nonexistent shares.

Facebook made it a point to acknowledge potential security issues in the part of the IPO filing where the company outlined risks to its business, Naked Security pointed out, saying:

Investors might think they are getting in on the ground floor of innovative social media companies, but instead find that they may have handed over real money for nonexistent shares.

The social network has been consistently vigilant against these types of threats, and we fully expect that Facebook’s so-called immune system is watching for this already.

Readers: Have you been on the receiving end of any bogus-sounding offers of Facebook shares?

Related Stories
Mediabistro Course

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content. Register now!