Social Media

Social Media Scams Are Costing Americans Billions: How to Protect Yourself in 2026 Introduction If you use Facebook, Instagram, TikTok, or any other social platform, you’ve probably seen ads for unbelievable deals, messages from strangers who seem too friendly, or posts promising easy money. Many of these are scams — and they’re costing Americans billions every year. ...

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. ...