One question that everyone wants to know when it comes to scams and fraud is where is the greatest risk? When people are bombarded by criminals on email, over the phone, text and online it’s hard to know where to focus. And while it’s important to take every scam attempt seriously, consumers should realize that they are particularly susceptible on social media.
According to the Federal Trade Commission 25% of successful scams last year originated on a social media platform. In 2017 consumers lost $42 million to social media scams. Last year that total was $770 million – an 18-fold increase. Here are three warning signs of social media scams.
Pie Slayer Set To Open Late-night Bakery Downtown
Audrey Elsberry
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May 10, 2024
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The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.