Thompson noted in 2020, internet and social media scams accounted for $22 million in reported losses.“They’re harvesting personal financial information,” he said.
“From a business perspective, it’s the brand of the business, so the people with the good accounts — their businesses may be impacted by these fraud accounts.”Only adding to the frustration, Instagram took her account down without explanation.“I basically had a pit in my stomach when this happened. It was devastating — and just to think all of the work I put into this literally over the last six years.