Smart People, Costly Scams: Education Isn’t Enough
Sundramoorthy said investment scams continued to ensnare victims from all walks of life, including highly educated professionals accustomed to analytical and evidence-based thinking
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Abstract:TechCrunch reports that the private information of millions of Instagram influencers and celebrities was found on a public database.
Instagram influencers and celebrities numbering in the millions had their private contact info left exposed on a database, TechCrunch reports.The database was compiled by an India-based social media marketing firm called Chtrbox. The database has since been taken offline.Instagram said in a statement to TechCrunch it's looking into the matter, and that “scraping data of any kind is prohibited.”Visit Business Insider's homepage for more stories.Almost 50 million influencers and personalities on Instagram had their private emails and phone numbers left exposed on an unprotected online database, TechCrunch reports.The public database includes millions of records on prominent Instagram users, including their private contact information, number of followers, locations, and more, according to TechCrunch. The database, which has more than 49 million records, includes high-profile celebrities, bloggers, and more.Facebook, which owns Instagram, did not immediately respond to Business Insider's request for comment. In a statement to TechCrunch, Facebook says it's investigating the matter to find out what data was obtained.“Scraping data of any kind is prohibited on Instagram,” the spokesperson said.
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Sundramoorthy said investment scams continued to ensnare victims from all walks of life, including highly educated professionals accustomed to analytical and evidence-based thinking

A 67-year-old former civil servant in Penang has lost more than RM1 million after being lured into a fraudulent online share investment scheme promoted through social media

A 47-year-old unemployed man in Muar lost RM310,000 after a YouTube “high-return” investment led him to an app promoted via WhatsApp, showing fake profits of RM2.5 million before demanding an extra RM382,811.60 in “fees” to withdraw.

Kulai police chief Tan Seng Lee says the victim was drawn by the promised 30% to 40% profits on her 'investments'.