Internet fraudsters are using hacked Facebook accounts to help them defraud people via their PayPal accounts….
One victim reported lost £3,800 after being targeted by the deception.
According to Action Fraud, criminals are using unknown methods to hack into people’s Facebook accounts and sending messages from their to the victim’s contacts.
The messages use a variety of excuses, including eBay transactions, and ask for a target to receive payments through their PayPal account and then transfer it to another account of the scammers’ choosing.
Once the funds are transferred to the their account the fraudsters use a “chargeback” claim on PayPal to reclaim the initial payment, leaving the PayPal account holder out of pocket.
PayPal says on its website: “A chargeback happens when a buyer asks their credit card issuer to reverse a transaction that has already cleared. This can mean that a payment you’ve received in your PayPal account could be reversed, even if you’ve already posted the goods – which can of course be frustrating.
“PayPal will help you as much as possible if you wish to dispute a chargeback, but the final decision lies with the credit card company. However, you can also get protection with PayPal’s Seller Protection policy.”
The criminals also use the hacked Facebook accounts to request targets’ WhatsApp details, including their phone number.