Did you know that teens are now falling prey to online scams even faster than seniors? In 2020, there were over 23,000 online scam complaints from individuals under 21 years old. This suggests that no matter how well-versed you are in technology and the internet, you can still be a victim of online scams. Learn more about these scams and how you can avoid them by checking out the following article!
Reports on online scams have increased by 156% among members of Generation Z. Born in the digital age, teens are more comfortable sharing their whereabouts on various online platforms. However, this makes you vulnerable to the following online scams:
While having fun using various dating apps, you might encounter a romance scammer. They’ll build an intimate relationship with you, but their real goal is to make a hole in your wallet. Usually stationed abroad, they refuse meetups and video calls.
While online shopping can be fun and even therapeutic, you might come across fake e-commerce stores that copy the logos and sites of legitimate businesses. These scammers usually offer your favorite items at unreasonably low prices. In the end, you’ll get substandard products — or even nothing at all.
There may be various job opportunities online, but not all of them are real. Scammers will post fake, poorly written ads. They’ll also make you pay up-front fees for training, which no legitimate employers would do.
While you may look up to some online influencers, scammers are busy copying these public figures through fraudulent social media accounts. They’ll conduct online contests and giveaways. Once you’re declared a winner, they’ll solicit your bank account details or require you to pay upfront to claim the prize. In reality, you won’t get anything — just a stolen identity.
Whether you’re a parent who’s a member of a credit union and still trying to familiarize yourself with online accounts or a teen who’s already tech-savvy, remember the following tips to avoid online scams:
Whether you’re a teen or a senior, you’re not free from the hands of scammers. So, be extra careful and combat scammers by following the tips above.
Want to make sure your teens get off on the right foot, financially? Check out the new Cha-Ching Teen Account from HopeSouth.