<ul><li>Social media platforms are increasingly being exploited by scammers to target young adults with deceptive ads for products, leading to significant financial losses.</li><li>The Federal Trade Commission reported losses from social media scams reached over $1.2 billion in 2021, with young adults aged 18 to 29 being the most vulnerable group.</li><li>Young adults accounted for nearly 40% of fraud losses originating from social media platforms, emphasizing the need for increased awareness and caution.</li><li>Scammers on social media often operate as part of organized criminal networks, focusing on data theft and unauthorized use of personal and financial information for illicit activities.</li></ul>

Social media shopping scams on the rise, targeting young adults

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