https://www.bleepingcomputer.com/news/security/ftc-americans-lost-770-million-from-social-media-fraud-surge/ > Americans are increasingly targeted by scammers on social media, according to tens of thousands of reports received by the US Federal Trade Commission (FTC) in 2021. > As revealed by the FTC, over 95,000 US consumers reported losses of roughly $770 million after getting scammed on social media platforms.