The Federal Trade Commission (FTC) recently reported that, in 2025, social media scams were the costliest of all scams against consumers, with a whopping $2.1 billion lost. Thirty percent of those who reported losing funds in 2025 indicated that the scam started over social media.

The number of 2025 scams beginning on social media increased

The UK is reportedly considering legislation that would impose a ‘duty of care’ on social media companies to regulate harmful content on their platforms. This push for an online safety bill was triggered by the high-profile death of a 14-year-old by suicide. The child had been repeatedly exposed to online content encouraging viewers to engage