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RegardingSocial Security scams, 18% of Gen Zers and 11% of millennials admit to being victims.
Find out why its more common for individuals from younger generations tofall victim to financial scams.
How Do Scammers Exploit the Online Habits of Younger Generations?
This trust can also lead to less vigilance when it comes to securing their accounts.
Allen said that younger generations are also more likely to commit fraud.
Here are some other tips to keep in mind, according to Allen.
Scammers often use these methods to lure victims.
Verify the Source
Allen said you should always verify the legitimacy of the sender.
Scammers often create a sense of urgency to pressure you into making quick decisions, she added.
Scammers can use this information to commit identity theft.
She also recommended avoiding using the same password acrossmultiple online accounts.
Additionally, she said to consider using a password manager to keep track of your passwords securely.
Enable Two-Factor Authentication
Allen recommended enabling two-factor authentication aka 2FA whenever possible.
Educate Yourself on Common Scams
Stay informed about thelatest scam tactics, Allen said.
Check forsecure payment methodsand read reviews before making a purchase, she added.
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