In describing their new analysis, RSA writes:

The rise in popularity of multiple social media platforms throughout the world has caused many fraudsters to expand their activities to new platforms including WhatsApp, Telegram, Instagram, Snapchat and others. This white paper reveals new insights into how social media is being leveraged by fraudsters to create a new kind of fraud market as well as the types of information and tools being sold and traded in these virtual storefronts.

Download their white paper now.