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Social Media Scams Cost Americans $2.1 Billion in 2025
Social Media Scams Cost Americans $2.1 Billion in 2025Americans lost $2.1 billion to social media scams in 2025, an eightfold increase since 2020, according to a report released Monday by the Federal Trade Commission. Nearly 30% of Americans who reported being a victim of a scam last year said the scam originated on social media, with Facebook most frequently being identified as the social...
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