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Lotsa social media scams going down Down Under

Social media can have a biting down side.

Karen Collier of the Herald Sun in Australia reports that scammers are mining social media sites in Australia to rip people off of at least $80 million a year. From the story:

Criminals are buying and selling names, addresses, birth dates, bank account and other personal details on the black market to commit identity fraud or find scam victims, a report warns.

Crooks are increasingly turning online to carry out a multitude of cons including romance, investment, computer hacking, shopping and charity scams.

Some have even posed as hitmen threatening to kill people unless they send cash.

More worth checking out from the full story.