Young Adults are Falling Victim to Online Scams
You get a notification on your phone, alerting you that an unfamiliar charge has posted to your account. You have no idea where the charge came from and suddenly your bank account is absent a couple of hundred bucks. You better act fast and get your credit or debit card cancelled before the scammer can purchase more stuff with your hard-earned money! While scammers are generally known to target the elderly who can be susceptible to falling for their tricks, it turns out the younger generations are losing more money to scammers! Young people are targeted via social media like Instagram and Facebook. According to the Federal Trade Commission an astounding $2.7 Billion has been lost to scams on social media from June 2021-January 2023! Many of these losses are generated through fake online shopping ads in which the merchant (scammer) doesn’t fulfill the order and disappears when you try [...]