Facebook and Instagram most identified by public for featuring fraudulent adverts

In advance of International Fraud Awareness Week, research commissioned by Bank of Ireland has shown that 90% of the population believe fraud is a big problem in Irish society, with fake online purchase scams being the most common way for consumers to lose money.

One third of those surveyed said they had been targeted by a fraudulent advert on a social media platform. When these respondents were asked to identify the platform, 65% identified Facebook, 28% identified Instagram, with X at 13%, TikTok at 11%, and Snapchat at 4%.

In addition, almost half (47%) of citizens aged 18+ have seen adverts for investments or crypto currency on a social media platform featuring a well-known personality, politician or musician. The impersonation of well-known people and media organisations is a tactic used regularly in fraudulent ads to trick consumers into fake crypto investments, bond purchases, or savings products.

This can include impersonation of individuals such as President Michael D. Higgins, An Taoiseach Simon Harris, An Tánaiste Micheal Martin, former Taoiseach Leo Varadkar, Denis O’Brien, Dáithí Ó Sé, Brian Dowling and Tommy Tiernan.  Adverts can also include links to fake websites impersonating RTE, the Irish Independent, Forbes, The Irish News, BBC News, the Irish Mirror, and many others.

Nicola Sadlier, Head of Fraud, Bank of Ireland said: “Fraudulent adverts are a blight on social media platforms. These adverts are all about one thing – the theft of money from consumers and businesses by criminals. They cause harm to people, the financial services system, and the economy. 

“Much more needs to be done. One common sense step would be to ensure that online platforms check that adverts are from companies that are regulated to sell financial products and services. The current approach, which is allowing fraudsters run fake ads that impersonate celebrities, politicians, and legitimate media organisations – all with the aim of stealing money – is clearly broken. 

“That’s why Bank of Ireland is calling for legislative change at European Union level so that online platforms will have to verify that advertisers of financial services are regulated to sell those services.”

Findings from the Red C poll among the Irish general public include:

  • Fake advertisements were most commonly seen on Facebook and Instagram followed by Twitter/X (13%), TikTok (11%) and Snapchat (4%).
  • The majority of people (66%) report fraud to their bank, followed by the Gardai (17%)
  • When asked to select all parties they believe responsible for protecting people from fraud in Ireland 66% selected Banks and Financial Services companies, along with the Gardai (51%), mobile phone (39%) and social media companies (39%).  60% of the population believe they themselves have a role.

The research was conducted as part of an ongoing campaign to raise awareness among Bank of Ireland customers and the general public around the danger of fraud to their personal finances and how to safeguard against the main causes of fraud. International Fraud Awareness Week runs from Monday 18 November, with a series of communications planned by Bank of Ireland to further raise awareness among the general public around fraud protection.

Adverts and Done Deal ban the sale of the latest gaming consoles. #Playstation5 #XboxSeriesX

The latest gaming consoles the Xbox Series X/S and Playstation 5 are the two hottest gaming machines on offer this year and certainly one that will be on many Christmas lists this year and already the supply chain is seeing difficulty with keeping up to order and will so for the foreseeable future and hopefully will ramp up production in the coming weeks as the demand has been huge due to the long cycle between the generations of the said machines. You might be lucky to get your pre-order and then you may not and from here until Christmas it will be hard to get one, I have both mine secured and we will discuss them at a later date.

However a reader got in touch today who did not want his and got it as a gift went to sell his Playstation 5 on Adverts and the add was taken down and if anyone if familiar with Adverts which is a great site to sell new and used goods you do get the option to re-sell your goods be it new or in a used condition you have to abide by their rules and profiteering is one rule I do know they address, Adverts is now teamed up with Done Deal to sell your item faster at a cost and you so not have to use this option if you wish not too.

Today the reader was selling his Playstation 5 and got this response from the team which is fair and also makes no sense with some of the comment.

Hi, Thank you for your email. We took a decision this week not to allow the new XBox and PS consoles. In the run-up to Christmas and bearing in mind pressure some parents may be feeling in trying to get those, we have decided that it’s best they buy them from original stockists such as Argos, Currys etc etc. If there is anything else we can assist with, please do not hesitate to contact us. Best regards, XXXXX Customer Services Manager

As the email outlines above you are asked to go elsewhere to purchase the goods and the pressure the parents are under, This I can relate to however if the stores above have no stock they can buy one from the either Adverts or Done Deal and the parents that cant say no will just go to the next option like these two sites selling and you could get a slightly better deal by genuine sellers and that have proof of purchase etc.

Ticket touting is one thing and so is profiteering and both sites have addressed this however if people are selling for the retail price I do not see what the problem is here once the ads are vetted with genuine accounts who build up a reputation via the site and can be trusted. Do you think this is the right move? After all they are loosing money too on the potential sales and if all is in order I do not see the problem.

I have been checking both sites today and not long after the ads are been taken down as seen in this link

The Adverts forbidden policy can be found HERE 

Buying or selling your car ? Check out Adverts Cars App #Andriod #iOS by @jimboireland

Buying and selling cars is nothing new and it will never be old but its nice to have life made that bit easier,and now its possible with Distilled Medias new App Adverts cars.Distilled media are the same folk that have brought the well known Journal.ie and Daft.ie etc ,they also own probably the best app for selling items here we all know so well Adverts.ie, for buying and selling all sorts of items,we have been using the app many years now and find it great.

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On opening the app we have the same set up as the current Adverts.ie app with the same features and functionality and menu structure,those who already use the Adverts app will find this easy to navigate.You can also chose to login via your Facebook,Twitter or boards.ie ID which is handy too..

 

When it comes to searching for a car it could not be easier,the app lets you fill in selected fields and the app does the rest,this will be quite easy for people to navigate and simple to follow so its quite good even for newcomers,there is nothing difficult about it at all..

You can also refine your search when done and start over again when you have finished looking at whichever motor you may have been searching for.

 

Description
Adverts Cars is Ireland’s brand new car app, from Adverts.ie. Now it is faster and easier than ever to browse our huge collection of cars, from both dealers and private sellers.BUYING
– Price Guide
Using the Adverts Cars app, you can search for up to date information and price history on any make or model in our database. This information can be used to help evaluate purchase options

– Search alerts
You can set up search alerts to notify you as soon as any particular car that you are interested in is listed. Do you have your heart set on a Bentley Continental, with less than 30,000 KMs, and for under €5,000? Set up an alert! If one ever comes on, you’ll be the first to know.

 

– Saved searches
Engine size, year, mileage, price, location, even colour. Refine a search to be however detailed you want, and then save it for quick access again later.

– Security
Buying from strangers shouldn’t have to be scary. Buyers and sellers on Adverts Cars have profiles with history and feedback ratings from other users on previous transactions.

– Watchlist
See a car you like? Add it to your watchlist, where you can get quick access to it again, and be notified of any price changes or updates to the ad.
SELLING
– Place an ad
The fastest way to place a car ad is using the Adverts Cars app. Take photos, auto-populate all your car details by using our registration look-up, and have your ad live in no time. You can also use the Price Guide to help you settle on an asking price, and if you don’t sell it, we won’t even charge you for the ad.

– Quick communication
Sellers interested in your ad have the option to phone you directly from the app, or by sending you a private message, which makes it easy to have quick communication with any interested parties.

 

The all new Adverts Car App is free to download on Android and iOS so grab it today,so far we like the app,its smooth and easy to use and works just fine..

Source

Download by hitting the respective store images below..