"Young Adults, Seniors Over 75 Most Susceptible to Cyber Fraud"

According to the latest research shared in the LexisNexis Risk Solutions biannual Cybercrime Report, young adults under the age of 25 and adults over 75 are the most vulnerable to falling victim to cybercrime. The report is based on the analysis of global cybercrime activity from July 2020 through December 2020. A significant flood of new-to-digital customers went online in 2020, with young adults and seniors proving to be the groups most vulnerable to online fraud attacks. Analysis revealed a 10 percent growth in customers in the under 25 age group. The youngest online users became the most vulnerable to fraud attacks over the six months. Although young adults are often considered highly tech-savvy, many of them tend to show more relaxed usage behavior patterns and willingness to share personal data online. On the other hand, adults over 75 are generally considered less informed about the latest digital technologies, making them increasingly vulnerable to scams and phishing attempts. However, fraudsters have been observed targeting the younger age group more than the older group as higher success rates compensate for lower monetary gains. These findings suggest the need for more education and layered fraud defenses to protect the full spectrum of online users. This article continues to discuss what puts younger and older adults at more risk of digital fraud and other key findings surrounding cyber fraud in 2020. 

TechNewsWorld reports "Young Adults, Seniors Over 75 Most Susceptible to Cyber Fraud"