Social media was the most costly fraud contact method last year in terms of aggregate reported losses for every age group under 80, and ranked second after phone calls for those 80 and over.
Social media was the most costly fraud contact method last year in terms of aggregate reported losses for every age group under 80, and ranked second after phone calls for those 80 and over. — This cybersecurity statistic was published by FTC in May 2026. It covers topics including Social Media, Scams, Fraud, Social Media Scams. 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?
Social media was the most costly fraud contact method last year in terms of aggregate reported losses for every age group under 80, and ranked second after phone calls for those 80 and over. This data was published by FTC and covers Social Media, Scams, Fraud, Social Media Scams.
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. Browse more statistics on Social Media or from FTC.