•1 min read•from TechCrunch
Consumers lost $2.1B to social media scams in 2025, FTC reports
Our take
In 2025, consumers faced staggering losses of $2.1 billion due to social media scams, according to a report from the Federal Trade Commission (FTC). This alarming trend marks an eightfold increase in losses from previous years, underscoring the growing sophistication of online fraud. Notably, social media scams have now surpassed all other methods used by scammers to target individuals, highlighting the urgent need for increased awareness and protective measures. As users navigate these platforms, understanding the risks is essential for safeguarding personal finances and information.
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.
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