[12/03/2011] Young people are more likely to become victims of online fraud
According to two UK surveys, younger men and women are far more likely to become victims of online fraud. This is easily explainable by the fact that the vast majority of the social websites, chats, and message boards’ users are aged between 16 and 24; people in this age group are also likely to lose approximately £590 to online fraud.
Another reason for the vulnerability of the young is the fact that they are far more likely to shop on the Internet and far more inclined to make purchases from websites and online stores that they are not familiar with. The older generation prefers the more conventional methods of shopping and makes most of their purchases from the brick and mortar stores. However, the young people are also more computer savvy and detect fraud easier and understand quickly how they have been tricked into parting with their sensitive financial information. The global trend has shown drastic increase in the online phishing attacks, but the stolen amounts have actually dropped slightly from last year. Consumers should be watchful though since fraudsters come up with even more cunning and ingenious methods of launching their attacks and often use the latest news, events, and even gossips to conjure up elaborate schemes.
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