Most Likely to Be Scammed? Not Seniors, but Millennials

Gray-haired folk have long held “most scammed” status, but it may be time to pass on that unfortunate legacy. While the retirement-aged are targeted most often, data increasingly shows that it’s millennials — our children and grandchildren ages 18 to 35 — who are most likely to lose money to fraudsters. Consider these recent findings: Phone scams. About 1 in 10 American adults fell victim to phone scams last year, losing an estimated $9.5 billion in total. Leading the pack …

From Pop-Up Warnings to $9 Million Payout: Inside the Tech Support Scam

How do scammers reap more than $9.5 million with phony pop-up ads or blinking alerts warning of a crippling computer virus or security problems? Their scareware success usually starts with “malvertisements” (malicious online advertising intended to damage or disable computers), which are designed to trick their prey into believing the bogus bug and calling a designated “support line” for help. It usually ends with a victim-made call lasting 17 minutes and a request for an average $291 to supposedly “repair” …