Social Media Hacking Statistics: Insights and Trends [2025]

July 18, 2024 0 Comments

Financial Impact

  1. Social media hacking costs the global economy over $2 billion annually.
  2. An average social media hacking incident can cause a company up to $200,000 in damages.
  3. 70% of social media hackers are financially motivated.

Growth and Prevalence

  1. Social media hacking incidents have increased by 27% from 2020 to 2022.
  2. The use of bots in social media hacking has increased by 33% in the past 3 years.
  3. Fake social media accounts used for hacking purposes have increased by 26% since 2021.

Targets and Victims

  1. Instagram accounts are the most targeted, accounting for 27% of social media hacks.
  2. 25% of social media hacking attempts targeted large corporations.
  3. 40% of social media accounts are hacked through third-party applications.
  4. 64% of victims were unable to regain access to their accounts within 48 hours.
  5. 56% of companies worldwide have experienced social media hacking at least once.
  6. 92% of users have experienced or know someone who has experienced hacking.

Techniques and Tactics

  1. Phishing attacks account for 45% of all social media hacking incidents.
  2. 21% of social media hacking incidents involve compromised passwords.
  3. Only 8% of users utilize two-factor authentication for protection.
  4. 67% of victims hadn’t updated their passwords in the last six months.

Platform-Specific Statistics

  1. Twitter accounted for 16% of all social media hacking incidents in 2022.
  2. LinkedIn accounts constitute 12% of social media hacking incidents.
  3. Social media hacking has resulted in 62 million compromised accounts in 2021.

Reporting and Awareness

  1. 80% of social media hacking incidents are never reported to law enforcement.