The FTC reports that social media scams cost consumers $2.1 billion in 2025, an eightfold increase from previous years. These scams resulted in higher financial losses than any other contact method used by fraudsters, highlighting growing risks in digital platforms.
Background
Social media platforms have become common vectors for scams due to their wide reach and targeted advertising capabilities. Regulatory bodies like the FTC track and report on these trends to inform public awareness and policy.
- Source
- TechCrunch
- Published
- Apr 28, 2026 at 03:09 AM
- Score
- 7.0 / 10