Social Media Scams Are Costing Americans Billions—Here’s How to Spot Them
Social Media Scams Are Costing Americans Billions—Here’s How to Spot Them Introduction If you spend any time on social media, you’ve probably seen too‑good‑to‑be‑true deals, urgent messages from “friends,” or investment pitches that promise guaranteed returns. These aren’t just annoyances—they are part of a growing wave of fraud that the Federal Trade Commission says cost older Americans alone $2.4 billion in 2024. And the problem is only getting worse as scammers adopt artificial intelligence tools to make their pitches more convincing. ...