Consumer Fraud Grows on Social Media episode artwork

EPISODE · May 5, 2026 · 2 MIN

Consumer Fraud Grows on Social Media

from WJR Business Beat · host Jeff Sloan

As consumers, we need to have our guards up more than ever to protect against fraudulent activity. And now new data from the Federal Trade Commission shows that social media has become the leading channel for consumer fraud, with reported losses reaching 2.1 billion in 2025. The figure marks an eightfold increase since 2020, highlighting the growing role of digital platforms in large-scale scam operations. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Episode metadata supplied by the publisher feed · Published May 5, 2026

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Consumer Fraud Grows on Social Media

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