Social media can be used as a platform to promote pyramid schemes to prospective recruits. Some schemes offer certificates or "personal growth opportunities" in return for making a payment. The payment might be described as an "investment", "gift" or "koha", and it may be in cash, a bank transfer or crypto currency. But a common factor is that the only way to earn money is to recruit more people to pay into the scheme, not through sales of products or services. They can take many forms and be difficult to spot. Pyramid schemes rely on people paying money into the scheme and getting other people to join and give money too. See an example of a technical support scam on our case studies page. Simple steps to cyber security (external link) – CERT NZ See CERT NZ’s website for more on two factor authentication.
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