Social Media Scams Surge: $2.1B Lost as AI Fuels Fraud on Facebook & Instagram
Edited By WION Video Desk
Published: Apr 28, 2026, 13:08 IST | Updated: Apr 28, 2026, 13:08 IST
Online scams are exploding—and social media is now ground zero.
According to the Federal Trade Commission, Americans lost a staggering $2.1 billion to social media scams in 2025, making it the biggest fraud category yet.
Platforms like Facebook and Instagram are being heavily exploited, with fraudsters using AI tools to create convincing phishing messages, fake investment schemes, job offers, and impersonation scams.
From crypto traps to romance scams, the tactics are getting more sophisticated—and more dangerous.
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