Social Media Scams Cost Americans $2.1 Billion in 2025

Social Media Scams Cost Americans $2.1 Billion in 2025

Facebook was the most popular platform for social media scammers, the FTC reports.

Social media scams cost Americans more than $2.1 billion last year, according to the FTC

According to a new FTC report, 30% of reported scams in 2025 began on social media, costing consumers more than $2.1 billion.

$2.1 billion lost to social media scams as online fraud surges nationwide

PORTLAND (WGME) -- Scammers are increasingly turning to social media to target victims and the financial toll is rising fast.New data from the Federal Trade Com

Consumers lost $2.1 billion to social media scams in 2025, FTC reports

The agency reports that losses from social media scams have increased eightfold, and that social media scams resulted in higher losses than any other method scammers used to contact consumers.

People Are Losing Billions Through Social Media Scams, FTC Says

Americans are losing billions of dollars to scams that begin on social media, according to new data from the Federal Trade Commission released on April 27. In 2025, nearly 30 percent of people who reported financial losses from scams said the fraud started on a social platform. Total reported losses reached a staggering $2.1 billion. That marks an eightfold increase since 2020—making social media the most lucrative contact method for scammers, f…

FTC: Americans lost over $2.1 billion to social media scams in 2025

The U.S. Federal Trade Commission (FTC) warned of a massive increase in losses from social media scams since 2020, exceeding $2.1 billion in 2025.