If you are using social media, you need to be alert. Because there has been a shocking revelation about the use of social media. In fact, the report of the U.S. competition watchdog Federal Trade Commission (FTC) says that social media has emerged as a major den of fraud. In 2021, more than 95,000 people have been victims of fraud. Due to the fraud on the social media platform, users have not been informed about the loss of $770 million (about Rs 5775 crore) in the year 2021. This is 25% of the total frauds in the US in 2021.
In the year 2021, 1 out of every 4 people has been the victim of social media fraud through advertisements, posts and messages on social media. According to statistics, social media is engaged in doing the most profitable business for fraudsters in the year 2021. Victims of social media fraud have been people of all age groups. However, among the most social media victims, the names of people between the ages of 18 and 39 are also present. The number of which is going to be twice that of the rest of the people. The highest number of people in social media fraud are those who paid for work like investment and romance. At the same time, in most cases, it has been said that on social media, those people have become victims of fraud, who have done online shopping by relying on social media apps. They have also been victims of fraud between buying.
Among online shopping on social media, 45 per cent of the people have also been victims of fraud. 70% of the respondents admitted that online shopping has been started on their behalf after seeing the advertisement on social media. Which caused the fraud. Facebook and Instagram have the most fraud reports.
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