Facebook, Instagram Are Hotbeds for Scammers

Scams that started on Facebook, Instagram and other social media sites doubled year-over-year in 2021, leading to $770 million in consumer losses, a federal agency warns.

Calling social media a “gold mine” for scammers, the Federal Trade Commission (FTC) says these platforms were far more profitable than any other method of reaching consumers for scams. (Read More)

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