$1.1 billion, more than half the money reported lost to scams initiated on social media, was to investment scammers.
$1.1 billion, more than half the money reported lost to scams initiated on social media, was to investment scammers. — This cybersecurity statistic was published by FTC in May 2026. It covers topics including Social Media, Scams, Fraud, Social Media Scams, Investment Scam. The original data appears in Reported losses to scams on social media eight times higher than in 2020 . For the full methodology and detailed findings, refer to the original report.
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What does this statistic say?
$1.1 billion, more than half the money reported lost to scams initiated on social media, was to investment scammers. This data was published by FTC and covers Social Media, Scams, Fraud, Social Media Scams, Investment Scam.
Where does this data come from?
This statistic comes from Reported losses to scams on social media eight times higher than in 2020 , published by FTC on May 27, 2026. You can view the original report at https://www.ftc.gov/news-events/data-visualizations/data-spotlight/2026/04/reported-losses-scams-social-media-eight-times-higher-2020#ft4.
What cybersecurity topics does this cover?
This statistic relates to Social Media, Scams, Fraud, Social Media Scams, Investment Scam. Browse more statistics on Social Media or from FTC.