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Victims reported $2.7 billion in social media scam losses since 2021: FTC
Oct. 6, 2023, 6:45 p.m. |
The Record by Recorded Future therecord.media
Social media scams have cost victims who reported losses to the Federal Trade Commission $2.7 billion since 2021 — likely a “small fraction” of the total money stolen via platforms like Facebook and Instagram. According to the FTC, one in four people who reported losses to the agency’s Consumer Sentinel Network since 2021 said the
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