Instagram phishing campaign promises presidential money

Russian Instagram users are reportedly being targeted by a phishing campaign under the guise of a non-existent presidential decree.

Cyber criminals are using fake advertisements on Instagram accounts impersonating those of state TV channels. The adverts are crafted to look legitimate and promise upwards of 100,000 rubles (£1,210) to all citizens looking to start up a business.

Victims are then directed to websites where they are asked to give their full name and date of birth and pay a small fee to register for the larger payment.

Phishing attacks can be made over text message, social media, phone or email.