Beware of scams on your business’s Facebook account

Fraudsters could hack into your business’s Facebook account and use your money to advertise their products online.

Facebook app and website
Facebook says it never sends direct messages to small businesses
(Image credit: © Aleksey Boldin / Alamy)

Running targeted ad campaigns on Facebook can be a great way to drive customers to your business. But while the social media giant’s enormous reach means it has become an important part of many business’s customer recruitment strategies, Facebook also attracts unsavoury users. A growing number of businesses have had their ad accounts hacked, and found themselves with a whacking bill run up by their attackers.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Explore More
David Prosser
Business Columnist

David Prosser is a regular MoneyWeek columnist, writing on small business and entrepreneurship, as well as pensions and other forms of tax-efficient savings and investments. David has been a financial journalist for almost 30 years, specialising initially in personal finance, and then in broader business coverage. He has worked for national newspaper groups including The Financial Times, The Guardian and Observer, Express Newspapers and, most recently, The Independent, where he served for more than three years as business editor.