Clock is Ticking on TikTok Scams

Reports to the AARP Fraud Watch Network Helpline show a sharp rise in scams linked to TikTok. Some recycle old fraud tactics with a social media twist, while others exploit how we connect online.

According to the Federal Trade Commission, more money is reported stolen through fraud originating on social media than by any other method of contact.

Please share this warning with anyone who uses TikTok or other social media platforms and encourage them to stay alert.

How It Works

• You’re contacted through a social media app by an influencer or celebrity.
• They ask for money in exchange for profit shares, an exclusive meet up, or in support of their favorite charity.
• Online conversations evolve into mentorship or romance, eventually pushing to help you ‘learn’ how to invest in cryptocurrency.

What You Should Know

• Social networks are flooded with impostor accounts designed to steal money and personal information.
• Criminals often impersonate celebrities and influencers to request money, solicit “donations,” or promote fake investments.
• Relationship-based scams are now a leading driver of cryptocurrency fraud, which has grown rapidly in recent years.
• TikTok Shop, as well as Facebook Marketplace, can also host scams, where products are misrepresented, of poor quality or are never delivered.

What You Should Do

• Review your social media app privacy settings and limit who can see your posts and which apps can access your information.
• Treat direct messages with skepticism and be wary of anyone quickly trying to build a close bond or romantic relationship.
• When shopping online, check seller ratings and reviews (though they can be fake, so engage your inner skeptic if every review is high), and be cautious of prices far below market value.