An FTC report says that Americans last year lost $2.1 billion in social media scams, such as shopping and investment schemes. Social media site have become the place where most of these scams start, and more than half of that money was stolen in scams began on Facebook, WhatsApp, and Instagram.
First seen on securityboulevard.com
Jump to article: securityboulevard.com/2026/05/u-s-consumers-lost-2-1-billion-in-social-media-scams-in-2025-ftc-says/
