How have scam losses on Facebook changed from 2021 to 2023?

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Facebook Scam Losses Show an Increasing Trend from 2021 to mid-2023

Malaysians have experienced a significant increase in financial losses due to scams originating on Facebook. From 2021 to the first half of 2023, reported losses on the platform rose from RM80 million to RM60 million in the initial six months of 2023, indicating a concerning upward trajectory despite the partial year figure.
Cumulative Losses on Facebook

Over the period spanning 2021 through to June 2023, the total amount lost to Facebook scams reached RM232 million. This figure represents the substantial financial impact these fraudulent activities have had on the Malaysian public.
Year-by-Year Breakdown of Facebook Scam Losses

In 2021, the reported losses attributed to Facebook scams stood at RM80 million. This figure escalated to RM92 million in 2022. For the first six months of 2023 alone, the losses had already amounted to RM60 million, highlighting a consistent and growing problem.
Comparison with Instagram Scam Losses

While Facebook has been a major platform for these scams, Instagram has also seen financial losses. In 2021, Instagram scam losses were RM20 million, increasing to RM25 million in 2022. The first half of 2023 recorded RM25 million in losses on Instagram, mirroring the previous year's figure but remaining considerably lower than Facebook's impact.

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How have scam losses on Facebook changed from 2021 to 2023?

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