WhatsApp crypto scamsĬryptocurrency scams are trending and involve crooks pretending to be finance experts that offer too-good-to-be-true investment opportunities. They do this by sending you a text that appears to be from the WhatsApp support team, saying that your account will be deactivated if you don’t provide them with the verification code WhatsApp sent you. Some scammers won’t target your personal data directly and instead will try to get access to your WhatsApp account. Some of the most common types of WhatsApp scams include: Verification code scams No one can prevent all identity theft or cybercrime. † LifeLock does not monitor all transactions at all businesses. For example, during the peak of the coronavirus pandemic, many people received texts with offers for bogus cures and tests. However, fraudsters constantly design new methods to align with recent national events. They’re usually pretty good at creating a sense of urgency, claiming that an immediate response is required to avoid an unpleasant outcome.Ĭommon scamming techniques include texts saying a loved one is in imminent danger or that you need to update an account's billing information to avoid fees. WhatsApp scammers often pose as someone you know or a well-known entity, like a credit card company or government agency. Moreover, scammers have developed methods to avoid having to provide their actual phone numbers when registering to WhatsApp, giving them complete anonymity. If you’re carrying out illicit activities through texts, you wouldn’t want anyone other than the victim to have access to them. While WhatsApp’s encryption is what makes it attractive to people looking for a secure messaging app, it’s also a feature that draws scammers. But WhatsApp users are still at risk for other types of scams. WhatsApp's end-to-end encryption makes it a relatively secure messaging service that can prevent hackers from reading your conversations.
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