A third of all scam victims were hit by social media fraud — and losses are in the billions of dollars: FTC
It’s a social scam. According to the Federal Trade Commission, nearly 30% of people who reported being scammed in 2025 said the swindle began on social media. The agency said losses from these scams reached $2.1 billion in 2025, eight times the amount reported in 20220. Experts maintain that because most scams aren’t reported to … Read more