Millenials More Gullible to Scams

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According to a report by the FTC,  40% of adults age 20-29 lost money to fraud, while only 18% of adults over the age of 70 did so, challenging the narrative of older adults falling victim to scams.

One study after the next confirms that younger adults are the biggest victims of scams. IT leaders need to make sure those users are properly trained on cybersecurity policy and treated like all other employees in regards to security.

The Federal Trade Commission (FTC) has issued its annual report of consumer complaints, which shows that young adults are more likely to lose money to fraud than older adults.

40% of adults age 20-29, the report said, end up losing money in a fraud case, as opposed to only 18% of adults over the age of 70. While seniors lose more money on average when successfully scammed, it seems that they’re simply not falling for tricks as often as people assume.

The FTC report is the latest study to challenge the conventional wisdom that older adults are the ones falling prey to fraud. As previously reported by TechRepublic, younger adults are more likely to lose money to a tech support scam, and self-reported tech-savvy people are more likely to become the victim of phishing and identity theft.

All these studies point to an incorrect perception about tech users that needs to change for the sake of personal and organizational security: Grandma isn’t always the most gullible and young adults aren’t safer by default.

If you need help with a cybersecurity solution give EnhancedTECH a call at 714-970-9330 or contact us at [email protected]

Samantha Keller

Director of Marketing and PR at EnhancedTECH
Samantha Keller (AKA Sam) is a published author, tech-blogger, event-planner and mother of three fabulous humans. Samantha has worked in the IT field for the last fifteen years, intertwining a freelance writing career along with technology sales, events and marketing. She began working for EnhancedTECH ten years ago after earning her Bachelor’s degree from UCLA and attending Fuller Seminary. She is a lover of kickboxing, extra-strong coffee, and Wolfpack football.Her regular blog columns feature upcoming tech trends, cybersecurity tips, and practical solutions geared towards enhancing your business through technology.
Samantha Keller

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