Editors have highlighted the following attributes while ensuring the content's credibility:Credit: Pixabay/CC0 Public DomainIt used to be that older adults were the preeminent online scam victims. It used to be that young people were essentially immune to modern-day online scams. According to SocialCatfish.com, a company dedicated to preventing online scams through reverse search technology, teens and younger children saw the largest percentage increase among age groups in money lost. Nationally reported scams grew 30% last year to almost $9 billion in losses. But when older adults lost money, they usually lost more than young ones.

Source: Forbes September 13, 2023 17:56 UTC