A third of all scam victims were hit by social media fraud — and losses are in the billions of dollars: FTC

According to the Federal Trade Commission, nearly 30% of people who reported being scammed in 2025 said the swindle began on ...

Social media scams caused over two billion dollars in losses to consumers last year

FTC data shows consumers lost $2.1 billion to social media scams in 2025, with Facebook driving the highest reported losses and investment, shopping, and romance scams leading the damage.The Latest ...