Consumers Report $770 Million in Losses to Social Media Scams in 2021

2021 was a big year for scammers on social media, the Federal Trade Commission reported. The 95,000 consumers who reported being scammed on social media was more than twice the number from 2020. The $770 million those consumers reported represented about one quarter of all reported fraud losses from 2021.

• Read the article: CNET