Teens and young adults are becoming victims of internet scams at a faster rate than other age groups, according to a new report.
Social Catfish, an online identity verification service, released a study analyzing data from the Internet Crime Complaint Center, Federal Trade Commission, FBI and their own surveys.
Over 23,000 victims under the age of 21 fell victim to online scams in 2020, up 156% from just over 9,000 in 2017, IC3 reported. They represent over $70 million in total losses in 2020.
All told, Americans lost a record-breaking $4.2 billion to online scams in 2020, the Social Catfish data found.
People ages 18-29 were more likely to be victims of identity theft than those 45 and older, a survey conducted through Security.org also found. Read more…