FTC: $2.1 Billion Lost to Social Media Scams in 2025 #cybersecurity #scam #socialmedia

The FTC just released new data: Americans lost $2.1 billion to scams that started on social media in 2025 — an eightfold increase since 2020. Investment scams led the losses at $1.1 billion, with shopping scams the most commonly reported and nearly 60% of romance scam victims saying it started on social media. Facebook was the #1 platform by a wide margin — people lost more to scams on Facebook alone than to text or email scams. This video breaks down the numbers, which scams are hitting hardest, and what to watch for if someone you care about is being targeted. FTC Data Spotlight: https://www.ftc.gov/news-events/news/press-releases/2026/04/new-ftc-data-show-people-have-lost-billions-social-media-scams Report fraud: https://reportfraud.ftc.gov More on cybersecurity, privacy, scams, and homelab on Hake Hardware. New shorts every weekday.