16:16 GMT18 June 2021
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    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.


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    millenials, fraud, online, United Kingdom
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