New FTC Data Show People Have Lost Billions to Social Media Scams
April 27, 2026
April 27, 2026
WASHINGTON, April 27 -- The Federal Trade Commission issued the following news release:
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New FTC Data Show People Have Lost Billions to Social Media Scams
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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.
Social media scams produced far more in losses-an eightfo . . .
* * *
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 staggering $2.1 billion.
Social media scams produced far more in losses-an eightfo . . .