Understanding the Increasing Fraud Risk for Younger Generations
Young adults, particularly those from Generation Z and Millennials, are increasingly falling victim to online scams and fraudulent schemes. Their high involvement in social media and digital platforms, combined with financial pressures, puts them at greater risk of fraud. These generations, who often perceive fraud as something that happens to others, are also more likely to fall prey to scams due to their digital presence. This highlights the need for more effective fraud education and awareness strategies to help them navigate potential fraud risks in the digital space.