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FTC Study: Millennials Are The Biggest Victims Of Social Engineering

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  • A report from the FTC found that 40% of adults age 20-29 lost money to fraud, while only 18% of adults over the age of 70 did so, challenging the narrative of older adults falling victim to scams.
  • Report after report has found that younger adults are the biggest victims of scams. IT leaders need to make sure those users are properly trained on cybersecurity policy and treated like all other employees in regards to security.

The Federal Trade Commission (FTC) has issued its annual report of consumer complaints, which shows that young adults are more likely to lose money to fraud than older adults.

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