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 Federal Trade Commission (FTC) keeps track of scams that are reported to it and summarizes those scams in a report outlining the most successful scams of the prior year.

Last year’s statistics are disturbing, as many of the same techniques from previous years are still being used successfully by threat actors. Old scams are