05:26 GMT +322 September 2017
Live
    Fraud

    UK Younger Generation Increasingly Falls Victim to Online Fraud

    CC0 / Pixabay
    Europe
    Get short URL
    0 18922

    A survey by credit checking company Experian reveals that the proportion of victims of fraud among young people in the United Kingdom has risen 6 percent since 2014, while elder generations have shown more signs of vigilance that contributed to a drop in fraud of 8.4 percent among this demographic over the same period.

    MOSCOW (Sputnik) — The proportion of victims of fraud among young people in the United Kingdom has risen 6 percent since 2014, while elder generations have shown more signs of vigilance that contributed to a drop in fraud of 8.4 percent among this demographic over the same period, a survey by credit checking company Experian showed on Tuesday.

    "Our statistics show young people are increasingly falling into the crosshairs of fraudsters, who see them as an easier target to open an account. They are more interested in getting an account open so they can use it for money laundering, or to establish a footprint at the bank for further fraudulent activity," Experian's Director of Fraud and Identity Solutions Nick Mothershaw said, as quoted by the organization.

    He claimed that since millennials are reliant on the internet, "there is a good chance they will not be monitoring their post for statements."

    The director went on to point out that many in this age group often live in housing with shared mail areas, giving fraudsters a perfect chance to intercept their mail.

    The study states that individuals over the age of 60, often considered easy prey for scammers, are showing signs of having heeded warnings and wizened up, exhibited by the sharpest drop in fraud attacks (5.8 percent). Unlike their younger counterparts, the elderly use different passwords across different platforms, monitor their bank statements astutely, and increasingly ignore email scams.

    Related:

    China’s Online Media Purification Drive is Changing Millennials’ Lifestyle
    US-Funded GMF Center Launches Online Service to Track Sputnik, RT
    Children Should Be Allowed to Spend Hours Online - Former GCHQ Head
    Tags:
    millenials, fraud, online, United Kingdom
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik
    • Сomment