New FTC Data Show People Have Lost Billions to Social Media Scams
New FTC Data Show People Have Lost Billions to Social Media Scams
New FTC Data Show People Have Lost Billions to Social Media Scams
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 stagger
Social media was the costliest fraud contact method in 2025 and reported losses increased eightfold since 2020
Reports show that in 2025, people reported losing more money to scams that started on Facebook than on any other social media platform. WhatsApp and Instagram were a distant second and third. In 2025, people reported losing far more money to scams on Facebook alone than they reported losing to text or email scams.