US regulators say people lost more money to fraud using social media than any other method last year.
New data from Federal Trade Commission (FTC) reports show that in 2025, nearly 30% of people who lost money due to fraud said the attack started on social media.
The loss has reached $ 2.1 billion, which represents an eight-fold increase since 2020. This amount is very high since many rumors have not been reported.
Price FTC he says social media provides easy access to billions of people around the world and makes it possible for terrorists to carry out their plots at a very low cost.
“Hackers can hack into user accounts, use user input to determine how to help them, or buy advertising and use tools used by real businesses to target people based on age, interests or purchases.”
Victims lost a lot of money in scams that started on Facebook, followed by WhatsApp and Instagram. People also lost more money on Facebook than through text or email.
The biggest losses come from commercial corruption, which cost $1.1 billion or more than half of the lost revenue.
So far, shopping scams were the most popular of the scams on social media with more than 40% of people who lost money saying they ordered things like clothes, car parts and even puppies through the platform.
Bad actors also use social media to commit love scams. The report states that nearly 60% of people who reported losing money to this type of scam said it started on social media.
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