A new report from the US Federal Trade Commission (FTC) has found that Americans lost $2.1 billion in 2025 to scams that began on social media. Nearly 30% of people who reported losing money to a scam said it started on social media, far outpacing other modes of contact.

A new report from the US Federal Trade Commission (FTC) has found that Americans lost $2.1 billion in 2025 to scams that began on social media. Nearly 30% of people who reported losing money to a scam said it started on social media, far outpacing other modes of contact.

Source: KnowBe4
Source Link: https://blog.knowbe4.com/ftc-americans-lost-2.1-billion-to-social-media-scams-last-year