Discussion on Cyber crime algorithms, and social media scams as they relate to Mrs Gina Rinehart

Good morning, gentlemen. The reason I’m calling is on Facebook. Every second or third ad is this Gina Rinehart. Um, invest in a share of a company and you get $15,000 a month or $20,000 or something or other. And Elon Musk has got one on there similar to that.

And David. Koch, too, I think.

Yeah. And so I actually rang up I actually inquired about it. I didn’t give no details, no bank details. So I had a phone call from an zero three number. Um, and this guy says, Oh yeah, da I said, Where are you calling from? He goes, I’m calling from Adelaide. Well, 0338 Adelaide. So anyway, I said, Call me back at 4:00. And anyway, so between the phone call I’d pop in my bank and the bank said, Look, no, don’t, give me any bank details. So I blocked the number. Then I got a call from O2 Wollongong, same person. So the numbers kept changing until it got to a private number. So if something like that is a scam, how come Facebook allows it to stay on there?

Yeah, a really good question that yeah. So, so what you’re saying Peter doing. Sorry, I’m just saying hello to you Peter. Yeah. So it’s a very, very common methodology used in Facebook for investment scams. What you’ll find is, are you interested in investing? Have you made inquiries on Google?

Oh, no. I just made that phone call yesterday to this Gina Rinehart thing. And it also it comes down to cryptocurrency as well. The guy was saying, Yeah, your money gets invested in crypto and blah

Yeah. The reason why I say that is because the algo, if you’re doing research online through, say, Google or some of the other search engines, that creates an algorithm so it knows what sort of subjects you’re interested in. And then when you go on to your Facebook account, that’s when it’ll start spitting out investment opportunities. Yeah. So you need to be really careful

Yeah, because with this Gina Rinehart scheme, all these people saying, Yeah, I invested in it and I bought a brand new car and all these about ten people say they’ve, you know, they should have done it years ago, but you sort of think, well is that false as well? Is that put on? I don’t know.

Yes, that is that will be false. So generally, the scammers will use you know, celebrities to leverage the investment opportunity. So they’ll put fake reviews on there as well to make it look more legitimate. So Facebook, because the amount of posts which are, you know, posted on a daily basis, which is, you know, hundreds of thousands, there’s no way they will be able to monitor all these, you know, how would they investigate that? Yeah. So they wouldn’t have the workforce to do that. So it’s up to, you know, the public if you’ve got a Facebook account, just make sure that you are you know, you can go in incognito mode on your Google search in just to try and limit your cookies So you’re not getting these you know, these fake ads coming up. Yeah. You know, if you come across an investment opportunity on the Internet, make sure you do your own independent research. Make sure you contact a financial advisor before you commit to any investment. It’s extremely important

Anything like that, on Facebook just disregarded. I didn’t think about it.

Yeah. First thing I want to think in your mind, Peter, is be politely paranoid. All right? Try and think. How can I disprove this? The legitimacy of this advert. All right. So take steps. Okay. All right. Thank you for your call. Thanks.

Good on you

Great. question. So that’s why it’s up on Facebook and because you’ve done an algorithm search or you’ve done a search and the algorithm spits out the ad, This is why Siri is listening, isn’t it? knows somebody texted in about Jacob Weitering. The Carlton player, lost his entire life savings, was contacted, and we don’t know the amount. It’s significant, though. He’s devastated everything. He’s a footballer. He’d have a bit of depending on how much he was on, but you’d imagine there’s a bit of cash there. And he was conned into opening a transferring a holding account because he was told his had been compromised and he needed to transfer all his money into a subsidiary account which was set up for him. And that was the scammers account. So when it was all there, they emptied it. It’s unreal.

Yeah, it’s unbelievable. Um, so what we’ve seen there, without looking too much into the investigation, I don’t know if it must have reported it to police, but yeah, um, it appears that is fallen for what we call a remote access scam. So he’s had, you know, a telephone call and mentioned the phone spoofing. The masking of the ID? Yeah. In relation to, um, you know, his bank account being compromised. Um, the scammers are more unlikely. Um, you know, logged into his bank account online with his permission, took full control of his PC and then just syphoned the amount the out of his bank account to, um, probably what is, you know, an account created with stolen ID, maybe. Yeah,

It’s crazy, isn’t it? And we let them. We give them access so they’ll ring in and say your internet might be slow. For instance, can we have a look at your computer. And people do say yeah, here I’ll put download the app for you and, then they empty out your account. Yeah.

Very common and that’s been going on for many, years. Some of the major telco providers again the phone manipulation of the ID who’s internet is not running slow. Yeah.

Correct.

Everybody’s. Yeah. Um, so, you know, it’s a common thing. Yeah. My internet is running a bit slow. Yeah. Have a look for me. Yeah. And then give them the details and then are they going to control.