Threat Actors Use Fake Job Offers to Scam Users, Resulting in Over $264 Million in Losses in 2024

Amid persistent cost-of-living concerns and a volatile economic climate, threat actors are exploiting job seekers on an industrial scale.

In 2024 alone, over $264 million in losses were reported to the FBI due to employment fraud, with “task scams” emerging as a dominant vector.

The issue is compounded by an environment that normalizes remote work, an over-reliance on digital recruitment channels, the proliferation of AI-generated content, and the increasing adoption of cryptocurrency for transactions all of which collectively lower the barrier to entry for cybercriminals.

Task Scams Surge as Fraudsters

Task scams represent a sophisticated evolution of employment fraud. Typically initiated via unsolicited direct messages on platforms such as WhatsApp, Telegram, or social media, these schemes lure victims with promises of effortless financial rewards for completing online tasks.

Scammers maintain a deliberately vague description of the job often citing terms like “product boosting” or “app optimization” and direct victims to perform trivial activities, such as liking content or clicking through a series of actions on spoofed websites, which sometimes mimic legitimate e-commerce platforms like Temu.

Crucially, victims are shown a digital ledger of their supposed “earnings,” which initially grow incrementally to build trust.

At a predetermined point, the scam escalates: users are informed they must “charge up” their account, “level up,” or unlock their earnings by making a payment typically using cryptocurrency.

According to ESET Report, the payment is the true goal of the scam, at which point both the funds and any chance of payment vanish.

Further social engineering techniques may be deployed, including the use of group chats populated with fake testimonials from other “successful” users (who are actually co-conspirators), to increase pressure and legitimacy.

Broader Landscape of Employment Frauds

Task scams are accompanied by a broader spectrum of employment-related social engineering threats.

Fake job advertisements sometimes hosted on reputable recruitment platforms are crafted to harvest personal data or solicit upfront fees under the guise of administrative expenses, background checks, or training costs.

In some cases, attackers monitor CVs posted to job boards and reach out with tailored fraudulent opportunities, seeking to extract sensitive personal or financial information, which can then be resold on underground forums or used for identity fraud.

The scale of the problem is likely underestimated, with the 20,000 cases reported to the FBI in 2024 believed to represent only a fraction of actual incidents.

The United States Federal Trade Commission (FTC) noted a dramatic increase in task scam complaints, tallying 20,000 in just the first half of 2024 compared to only 5,000 for all of 2023.

Experts emphasize that while the sophistication of these scams is increasing with the aid of generative AI and massive volumes of breached personal data users can defend themselves by adhering to fundamental security hygiene.

Individuals are urged to disregard unsolicited job offers, verify the authenticity of recruiters and companies through independent research, and be wary of offers that appear too good to be true or lack a formal interview process.

Critically, no legitimate employer will require upfront payments or request sensitive personal data through unofficial communication channels.

With the intersection of economic pressure, evolving technology, and a growing digital footprint, employment scams are expected to remain a prime target for cybercriminals.

Heightened awareness and vigilance represent the most effective defenses against these increasingly convincing fraud schemes.

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Mandvi
Mandvi
Mandvi is a Security Reporter covering data breaches, malware, cyberattacks, data leaks, and more at Cyber Press.

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