FTC warns social media scams cost consumers 2.1 billion in 2025

Published on 27 April 2026

Scam losses rose eightfold and beat all other methods

The FTC reports that social media scams triggered $2.1 billion in consumer losses in 2025, with losses rising eightfold. It says social media scams also produced the highest losses of any contact method used by scammers, underscoring how rapidly fraud is migrating to platforms where people share and trust strangers.

$2.1 billion lost to social media scams in 2025
FTC says losses increased eightfold over prior levels
Social media scams outperformed other scam contact methods
Agency highlights the growing platform shift in fraud

#scams #social media #fraud #consumer protection #ftc

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FTC warns social media scams cost consumers 2.1 billion in 2025

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