Attackers have many ways to steal from you on social media, including taking your money. One popular method is abusing your trust with your social media friends. For example, if someone on your Facebook friend list has their account hacked, the attacker might contact you through a Facebook Messenger.
In many cases, they’ll send a video link with a sensational message like “OMG, is it you in this video?” that tempts you to click on it. If you do click, you’ll go to a dangerous site programmed to infect your device with malware.
Other times, the scam is more personal. The hijacked account might send you a message saying that they’re in trouble with the law, or need money to cover a hospital bill after a bad accident. If you take this at face value, you’ll end up sending a thief – not your friend – money.