Social media scammers made off with $770 million last year

Which is just lovely. “The number of cases for these types of fraud was 18 times higher in 2021 compared to 2017. Scams infiltrated all age groups, but it appears that those from 18 to 39 were “more than twice as likely as older adults to report losing money to these scams in 2021,” the report said.” Which actually means that the number is likely much higher than reported, since older targets are often the most vulnerable, and less likely to report being scammed.

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