Over the past three years, there has been a significant increase in investment scams on social media. According to Action Fraud's data, investment scams related to social media have tripled since 2019, with total losses rising from £13m to £75m.
Which? reveal the total losses and reports of investment scams across various social media platforms, along with our five tips for dodging them.
Our five tips
Source: Which? (11 Jan 2024)