Anonymity: Ability to communicate anonymously on social media makes it possible for most cyber criminals to be untraceable after defrauding unsuspecting victims.

Lack of geographical restrictions or authentication mechanisms: Lack of geographical limitations or other authentication restrictions, make it easy for cyber criminals to create fake identity on social media to communicate with anyone across the globe.

Social media platforms are used by online fraudsters to create as many social media accounts as possible with different identities and use it for criminal purposes.

Possibility of faster spread of misinformation: Misinformation is false or fake or inaccurate information. In social media  fake news has wider coverage, easy access and faster spread of information, which enable fraudsters to spread fake news over the social media.

Also Malicious softwares and websites that look legitimate can easily be shared over social media with as many people as possible within a very short time.