Facebook Scammers Are Hacking Accounts And Running Ads With Stolen Money

Scammers are hacking Facebook accounts, running ads with stolen money, and bragging about their fraudulent fortunes right on the social network.

The scammers raise the billing threshold on ad accounts and were pushing users to an online shop called “HappyStore.info.” The site is built using ShopBase, an ecommerce platform like Shopify.

How it works: A scammer will reach out to a digital marketer via Facebook Messenger posing as someone looking to hire a Facebook ad campaign manager. After their pitch, they’ll send over a project proposal with all the details about the company, budget, and what they’re looking to do. This proposal is cover for a .exe file download, disguised as an innocent PDF, which gives the scammer access to the target’s Facebook Business Manager.