Data Spotlight Blog: FTC reporting back to you

October 2020

Scams starting on social media proliferate in early 2020

Social media can be a great way to connect with friends while the pandemic has you keeping your distance. But reports to FTC’s Consumer Sentinel Network suggest that that social media websites and apps have become popular hangouts for scammers, too. Reports that people lost money to scams that started on social media1 more than tripled in the past year, with a sharp increase in the second quarter of 2020.