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Gen Z Need To Look Out For Internet Faruds and Scammers

Studies show alarming data

Studies suggest that in the era where the internet is always consuming us and overwhelming us with abundance  of information, gen z is becoming the most favorite targets of frauds and scammers. According to the BBB’s recent scam tracker, victims of online fraud lose an average of 199 dollars if they belong to the age range above 60 whereas victims with age range between 18 to 24 years lose an average of 220 dollars. A TV report says that Americans lost more than 9 million dollars over the course of last year. This creates a concerning situation for the younger generation. 

How the scammers operate

Adults and young adults belonging to the newer generation are slowly entering into the stage of life where they sell financial stability. The urge of growing rich quicker makes them desperate to look for job offers that often promise them a quick sum of money and rapid growth in career. Many victims report that they are opting for remote jobs and freelancing tasks and the bad actors posing as employers often have a very curated plan to rob them off their money so that the victims can not detect the red flags earlier. 

What to look out for

The fake employers even curate genuine looking offer letters stating all the necessary conducts at the job and the promised compensation. Then they proceed to gather personal information about bank account details and social security numbers. Once they gain access to such confidential and sensitive information, it becomes a matter of time before they start drawing large amounts of money from the said amount. Some employers also demand a certain amount of “caution money” deposited before the employees even start their job. Many scammers also deal with particular vendors so that they can convince their employees to buy certain necessary inventories from these vendors. The net of elaborated scams is very well constructed. 

Safety measures that you need to take

If you want to steer clear of these scammers then you have to train yourselves to look out for red flags before an employer approaches you. If you are getting contacted by an employer out of blue then be suspicious about it. If anybody offers you a job without going through standard processes then you need to be mindful about it. One is always advised to be extra careful before sharing their confidential information with a stranger online. Not only jobs, the scammers are also present in the fields of online purchases, cryptocurrency and home rentals. It is advisable to check an employer’s website and online presence to judge their legitimacy and authenticity. 

Other than that, young people are not very mindful about reading the terms and conditions before downloading and using several apps. The cookies used by certain websites and apps gain access to our sensitive information. The users should always use any location detector app on the phone when they are not using it, check all the agreements they are making before using any app and deny access to the cookies used by the website they visit. Enabling two-step authentication, deactivating accounts that had not been in use for a long time or changing passwords on regular intervals can make young people safer while they navigate the internet.

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