Common Types of Online Scams and How to Avoid Them

No matter your age, there is plenty of money lost to scammers every year. According to insights from fraud prevention firm SEON, being digital-first doesn’t make you immune to online scams. People younger than 20 had the biggest year-over-year increase in fraud reports between 2019 and 2020, with collective losses totaling about $70.98 million. On the other hand, older victims had much more financial assets to lose, with Americans over the age of 60 reporting $966 million in losses.  Indeed, online scams are continuing to grow and evolve in sophistication.…

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