Social media scams are exploding: How to protect your money and identity
Social media scams are exploding: How to protect your money and identity What happened Social media scams are costing Americans billions as fraud continues to shift online. Federal Trade Commission (FTC) data shows that older Americans alone lost $2.4 billion to scams in 2024, and overall losses from social media–originated fraud run well into the billions. These aren’t isolated incidents — they represent a structural shift in how scammers operate. ...