2 results for "consumer losses"
DIGITAL TRENDS
Social media scams caused over two billion dollars in losses to consumers last year
FTC data shows consumers lost $2.1 billion to social media scams in 2025, with Facebook driving the highest reported losses and investment, shopping, and romance scams leading the damage.…
TECHCRUNCH
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.…