New FTC Data Show People Have Lost Billions to Social Media Scams
Social media was the costliest fraud contact method in 2025 and reported losses increased eightfold since 2020
New data from the Federal Trade Commission show that, in 2025, nearly 30% of people who reported losing money to a scam said that it started on social media, with reported losses reaching a staggering $2.1 billion.View Press Release
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