---
title: "‘Epidemic of Scams’ Flooding Instagram and Facebook Affecting Many Different Industries, Says Meta: Report"
description: "Meta is facing a significant increase in scams on its platforms, Instagram and Facebook, which have been growing in scale and sophistication. The company is experimenting with facial-recognition techn"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/240706574.md"
published_at: "2025-05-18T11:47:59.000Z"
---

# ‘Epidemic of Scams’ Flooding Instagram and Facebook Affecting Many Different Industries, Says Meta: Report

> Meta is facing a significant increase in scams on its platforms, Instagram and Facebook, which have been growing in scale and sophistication. The company is experimenting with facial-recognition technology and forming partnerships with banks to combat the issue. Reports indicate that nearly half of all scams reported by JPMorgan Chase customers are linked to Meta. Despite some improvements, Meta has deprioritized enforcement against scams, leading to concerns from JPMorgan and affected businesses.

Meta executives are reportedly acknowledging a serious new problem with scams affecting its social media platforms.

A spokesperson for Meta, the parent company of social media behemoths Instagram and Facebook, tells the Wall Street Journal that the corporate giant is dealing with “an epidemic of scams” that has been growing exponentially in recent years, both in scale and sophistication.

The spokesperson reveals that Meta is experimenting with facial-recognition technology while also forming partnerships with banks and tech firms since the scams are affecting so many industries and “different parts of society.”

Citing people familiar with the matter, WSJ also reports that JPMorgan Chase has raised concerns with Meta about its policing – or lack thereof – of scams.

Meta accounted for nearly half of all reported scams on Zelle for JPMorgan Chase customers between the summers of 2023 and 2024, according to a WSJ source. JPMorgan also recently began blocking certain Zelle payments and warning users about transactions originating from social media platforms like Meta.

The person said that the number of scams linked to Meta has shown improvement in recent months.

However, documents seen by WSJ reportedly show that Meta has recently deprioritized enforcing scams, avoiding takedowns of erroneous advertisements because of supposed safety concerns, while also cutting costs and moving resources to other departments.

WSJ interviewed Edgar Guzman, the owner of a home improvement supplies and garden equipment company in Atlanta, who said scams are relentlessly targeting his customers, prompting them to make payments for products that never arrive.

Says Guzman,

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
