{"id":9018,"date":"2023-06-12T10:04:54","date_gmt":"2023-06-12T10:04:54","guid":{"rendered":"https:\/\/www.mouthymoney.co.uk\/?p=9018"},"modified":"2025-03-03T09:21:38","modified_gmt":"2025-03-03T09:21:38","slug":"young-people-twice-as-likely-to-get-scammed-how-to-protect-yourself-from-fraud","status":"publish","type":"post","link":"https:\/\/www.mouthymoney.co.uk\/budgeting\/young-people-twice-as-likely-to-get-scammed-how-to-protect-yourself-from-fraud\/","title":{"rendered":"Young people twice as likely to get scammed: how to protect yourself from fraud"},"content":{"rendered":"\n
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Young people aged 34 and under are twice as likely to fall victim to a scam than older counterparts, a study from Marcus by Goldman Sachs has found.<\/p>\n\n\n\n

One in five (20%) of 18-34-year-olds have fallen victim to a scam of some kind compared to just one in 10 (10%) of over-35s, according to the report.<\/p>\n\n\n\n

It found young people are more confident they won\u2019t fall victim, with 55% believing they are savvy enough with technology to avoid it, but they are more likely to cave in to scammer pressure tactics.<\/p>\n\n\n\n

Sarah Card, head of delivery and risk at Marcus by Goldman Sachs, comments: “One reason why younger people could be more susceptible to fraud is they are more active in posting their personal details online, making them a target for fraudsters.<\/p>\n\n\n\n

“However, fraudsters do not discriminate and no matter your age or how technologically savvy you might consider yourself, it is important that you remain vigilant.”<\/p>\n\n\n\n

How to protect yourself against scams<\/strong><\/h3>\n\n\n\n

It is easy to think you won\u2019t be susceptible to a scam until it is too late. The whole point of scammer tactics is they are designed to dupe you into believing what you are doing is safe and a good idea.<\/p>\n\n\n\n

Scammers will routinely use manipulative tactics and a wide variety of methods \u2013 from money muling<\/a> scams to romance scams<\/a> \u2013 to get innocent victims to part with their hard-earned money.<\/p>\n\n\n\n

They can begin in a variety of ways but will often arrive through an unsolicited online approach, through an email or social media message, or via your phone.<\/p>\n\n\n\n

Scammers will also rope people in with advertising on websites offering unimaginably good investments or guaranteed returns for your money. This is generally a red flag straight away.<\/p>\n\n\n\n

Plus dupes of legitimate companies are a rising issue too. This is where a real firm, such as a bank, insurance provider or other financial company has its website duplicated, or the scammer uses their branding and logos to trick you into thinking you\u2019re dealing with them.<\/p>\n\n\n\n

There are some key steps to take to protect yourself in these instances:<\/p>\n\n\n\n