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FTC: Americans lost $770 Million from Social Media fraud surge

Discussion in 'other security issues & news' started by aztony, Jan 30, 2022.

aztony Registered Member

Joined:

Sep 9, 2012

Posts:

779

Location:

The Valley Arizona

Americans are increasingly targeted by scammers on social media, according to tens of thousands of reports received by the US Federal Trade Commission (FTC) in 2021.

As revealed by the FTC, over 95,000 US consumers reported losses of roughly $770 million after getting scammed on social media platforms.
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aztony, Jan 30, 2022

#1
aztony Registered Member

Joined:

Sep 9, 2012

Posts:

779

Location:

The Valley Arizona

"More than one in four people who reported losing money to fraud in 2021 said it started on social media with an ad, a post, or a message.

In fact, the data suggest that social media was far more profitable to scammers in 2021 than any other method of reachng people."
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aztony, Jan 30, 2022

#2

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