vaayaa.com
Marketing 1 min read

New FTC Data Show People Have Lost Billions to Social Media Scams

Apr 28, 2026
Social media was the costliest fraud contact method in 2025 and reported losses increased eightfold since 2020

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 staggering $2.1 billion.

View Press Release

Read full article on US FTC Press →

Source: US FTC Press — US Government, Public Domain

More in Marketing

The Social Security trust fund will run dry in 2032 – what that means for retirees and workers who hope to retire The Conversation Business · 2 min Soaring US beef prices likely to rise further thanks to trade tensions and disease outbreaks The Conversation Business · 2 min CMA clears ABF’s deal to buy bread maker Hovis GOV.UK Competition Markets · 1 min FTC Seeks Comment on X Corp. Petition to Set Aside or Modify FTC Order Concerning Twitter US FTC Press · 1 min