Cyber Fraud and Tech Scams: Why Millennials are Top Victims?

Do you know millennials (those between 23-38 years old in 2019) are most affected by cyber fraud and scams? You wouldn't think so.

Why? We are more comfortable with technology and more willing to take risks on online activities –compared to our parents' generation. We also lack familiarity with standard security measures, and often overestimate our ability to back out of a scam in time.

Specifically: We easily give away personal information in exchange for access to content; such as connecting to public WIFI, downloading an app, movie, game, music, educational resources or using torrent sites. Without thinking about security, we perform transactions via unprotected WIFI networks or respond to luring emails and links. Sometimes, we know an offer could be a scam but still go ahead thinking we can outsmart the scammer.

You know research finds that 60% of fraud comes from mobile devices. Another research by Microsoft also found that millennials and post-millennial, mostly men, are most vulnerable to tech support scams, with 1 in 5 of them being successfully tricked regularly. But older generations also fall for cyber scams; but unlike millennials, they are tricked mostly by scams that mention a popular brand name.

With different cyber threats on the rise, improved awareness is the key to staying safe online. Knowledge is your best self-defense!

Learn how to protect yourself from cyber fraud and scams in the Reachiiing Out post on: “How to protect yourself from cyber fraud and scams”


Still craving? You can find out more on: Microsoft, Techopedia, and Data Connectors.

#Tech #Cybertheft #Cyberfraud #Scam #Millennials

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