Action Fraud has launched a campaign, supported by Meta, to encourage people to take an extra step of online protection by enabling two-step verification for each online account they have.
The most common motives for social media hacking were either investment fraud, ticket fraud or theft of the targeted account, Action Fraud added.
Adam Mercer, deputy director of Action Fraud, said: "As social media and email account hacking remains the most reported cybercrime this year, this Action Fraud campaign marks a critical issue for everyone who has online accounts."
David Agranovich, security policy director at Meta, said: "Scammers are relentless and continuously evolving their tactics to try to evade detection, which is why we're constantly working on new ways to keep people safe while keeping bad actors out. Two-factor authentication (2FA) is one crucial example of how people can add an extra layer of security to their Meta account...