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title: The Firm Connection | Online Scams
description: "Online Scams | Breaking down the complex world of business law: finance, banking, commercial real estate, mergers and acquisitions, tech law, and franchising, and more."
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# The Firm Connection

Law Blog

[![FTC crack down on online scams](https://liprestilaw.com/hubfs/online%20scams%206.23.2026.png)](https://liprestilaw.com/the-firm-connection/social-media-scams-generate-billions-in-consumer-losses-put-business-on-alert)

[FTC](https://liprestilaw.com/the-firm-connection/tag/ftc), [Social Media](https://liprestilaw.com/the-firm-connection/tag/social-media), [Online Scams](https://liprestilaw.com/the-firm-connection/tag/online-scams)

## [Social Media Scams Generate Billions in Consumer Losses, Put Business on Alert](https://liprestilaw.com/the-firm-connection/social-media-scams-generate-billions-in-consumer-losses-put-business-on-alert)

![Picture of Nicholas Lipresti, Esq.](https://liprestilaw.com/hs-fs/hubfs/nick-lipresti-02.jpg?width=50&name=nick-lipresti-02.jpg) [Nicholas Lipresti, Esq.](https://liprestilaw.com/the-firm-connection/author/nicholas-lipresti-esq) 

 June 23, 2026

• Social media scams cost consumers billions in 2025, according to new FTC data.

[Read more](https://liprestilaw.com/the-firm-connection/social-media-scams-generate-billions-in-consumer-losses-put-business-on-alert)

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