The FTC reported that social media scams generated over $2.1 billion in losses in 2025, a roughly eightfold increase since 2020, with Facebook accounting for more reported losses than any other platform. Meta and other platforms have rolled out new anti-scam tools as the FBI’s IC3 recorded over 1 million complaints and nearly $21 billion in losses from cyber-enabled crimes. #Facebook #FTC
Keypoints
- Social media scams caused over $2.1 billion in reported losses in 2025, nearly 30% of all reported scam losses.
- Facebook was the top platform for monetary losses across nearly all age groups.
- WhatsApp and Instagram ranked as the second- and third-most costly platforms for victims.
- Meta introduced multiple anti-scam features and removed millions of scam accounts and ads in 2025.
- The FBI’s IC3 logged more than 1 million complaints and about $21 billion in cyber-enabled crime losses, and the FTC advises tightening privacy settings and researching companies before transactions.