A new report reveals that financial sextortion schemes predominantly target teenage boys, with Instagram being the most commonly used platform for these activities in the U.S. The National Center for Missing & Exploited Children (NCMEC) received an average of 812 sextortion reports per week between August 2022 and August 2023. The report by Fast Company highlights the growing trend of scammers exploiting minors online for money and emphasizes the need for preventive measures.