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

Social media is now America’s most expensive scam hotspot. According to the Federal Trade Commission (FTC), consumers reported $2.1 billion in losses from platform-based fraud in 2025, a number that ...
New York Post

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 ...
AOL

Scams starting on Meta social media sites soar, so a watchdog sued

That great bargain you just spotted on social media? Well, proceed with caution before you pull out that credit card. The eye-catching ad might look legitimate, but many too-good-to-be true deals are ...
TechCrunch

Consumers lost $2.1B to social media scams in 2025, FTC reports

Americans lost $2.1 billion to social media scams in 2025, according to a new report from the U.S. Federal Trade Commission (FTC). The agency reports that losses from social media scams have increased ...
Reuters

US Senators unveil bill to prevent scam ads on social media platforms

Bipartisan SCAM Act targets fraudulent ads on social media Bill follows Reuters report revealing that Meta internally projected huge revenue from scam ads Legislation would require platforms to verify ...