"In 2025, people reported losing more money to scams that started on Facebook alone than to all text and email scams combined. Investment scams were the most financially damaging category, with $1.1 billion in losses from social media."
"Shopping scams accounted for more than 40% of social media scam reports. Victims typically ordered items from social media advertisements, only to receive nothing or poor-quality imitations."
In 2025, Americans lost $2.1 billion to scams originating on social media, an eightfold increase since 2020. Nearly 30% of reported scam losses began on social media, with Facebook being the primary platform for these scams. Investment scams accounted for $1.1 billion in losses, while shopping scams were the most frequently reported. Romance scams also saw a significant presence on social media, with 60% of cases starting there. All age groups except those over 80 lost more to social media scams than other methods.
Read at TNW | Socialmedia
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