People In The U.S. Lost $770 Million To Social Media Scams In 2021 Says FTC – What We Know!

People In The U.S. Lost $770 Million To Social Media Scams In 2021 Says FTC

The FTC reveals individuals in the USA misplaced $770 million to social media scams in 2021.

Supply: Jordi Calvera Solé / EyeEm / Getty

On-line scams have been round for endlessly, however within the outdated days, it was bizarre romance scams older individuals fell for in chatrooms. They’d spend hundreds of {dollars} on somebody they by no means met till that they had nothing left.

Within the present age, scams can occur in all places; Nearly each time you swipe your card there’s a excessive likelihood your data might be stolen. Even on relationship apps, individuals flirt and get their victims to ship revealing footage or data and switch round and threaten to make use of it towards you when you don’t pay. A brand new report from the FTC reveals individuals in the USA misplaced a whopping $770 million to social media scams in 2021.

Greater than 95,000 individuals reported about $770 million in losses to fraud initiated on social media platforms in 2021.[3] These losses account for about 25% of all reported losses to fraud in 2021 and characterize a shocking eighteenfold enhance over 2017 reported losses. Stories are up for each age group, however individuals 18 to 39 had been greater than twice as probably as older adults to report shedding cash to those scams in 2021.

Essentially the most stunning half on this new report is the age group, it’s not your granny getting finessed nowadays, it’s your friends. Hopefully, this 12 months, individuals will probably be smarter about what they click on on and who they ship cash to. Be sensible and suppose twice, it may occur to you!