FTC: US consumers lost $770M to social media scams in 2021, about 25% of all fraud losses for the year and up 18x from the $42M in losses reported in 2017 (Sarah Perez/TechCrunch)




Sarah Perez / TechCrunch:

FTC: US consumers lost $770M to social media scams in 2021, about 25% of all fraud losses for the year and up 18x from the $42M in losses reported in 2017  —  A growing number of U.S. consumers are getting scammed on social media according to a new report by the Federal Trade Commission …



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