Tag: social media scams

FTC Warns of $2.1 Billion Losses to Social Media Scams

Scammers are making a killing on social media, with nearly one-third of reported losses - a whopping $2.1 billion - originating from these platforms in 2025, according to the FTC. That's an eightfold increase in just five years, making social media a primary target for scammers to swindle unsuspecting consumers.