The report by Vice details the experience of Instagram user Emma Zoller, who was targeted by a hacker using the online name “Ashly”.
The hacker’s first step was to tell Zoller she could have her account back in exchange for a nude video.
In the video , Zoller says “hey you guys, I just got back from a long day of work, but Ashly just helped me invest $1,000 and got me back $8,500.
Sadly, and somewhat predictably, once Zoller posted the video, the hacker refused to return access to her account, and they were also able to hack into her Venmo account.
Another victim of a similar scam, Tim Nugent, told Vice that a hacker gained access to an Instagram account for his Etsy business, which has 13,000 followers.
Instagram strongly encourages users to use two-factor authentication to make their accounts much harder for hackers to gain and retain access to an account.