Consumers lost approximately $2.1 billion to scams originating on social media platforms in 2025, according to a report from the Federal Trade Commission. The data showed that fraudsters increasingly used platforms to target users through deceptive ads, messages, and impersonation schemes. Investment scams and online shopping fraud were among the most common categories. The report highlighted how social media continues to be a major channel for financial fraud, with losses rising significantly compared to previous years. Authorities urged users to remain cautious and report suspicious activity to reduce risks associated with online scams.
Consumers lost approximately $2.1 billion to scams originating on social media platforms in 2025, according to a report from the Federal Trade Commission. The data showed that fraudsters increasingly used platforms to target users through deceptive ads, messages, and impersonation schemes. Investment scams and online shopping fraud were among the most common categories. The report highlighted how social media continues to be a major channel for financial fraud, with losses rising significantly compared to previous years. Authorities urged users to remain cautious and report suspicious activity to reduce risks associated with online scams.