Wealth Building Way has announced the launch of a new guide for millennials to help them avoid financial scams and fraud. The guide outlines common scams targeting millennials and provides expert tips and strategies they can use to protect themselves.

Austin, United States - March 11, 2024 —

Millennials grew up during one of the biggest technological revolutions in human history and have grown accustomed to using technology in their daily lives. Despite this, more millennials are becoming victims of online fraud and scams than ever before, with the FBI reporting a 157% increase in related complaints from those under 21. In response, Wealth Building Way has launched its new guide to help millennials identify scams and keep their personal information and assets safe.

More details are available at https://wealthbuildingway.com/how-can-millennials-identify-and-avoid-financial-scams-expert-strategies-and-tips

The guide explains that many common scams specifically target millennials. Online shopping scams typically target millennials because of their comfort level with online shopping and e-commerce sites. Wealth Building Way recommends that millennials visit well-known and reputable online stores and check their bank statements regularly for suspicious activity to protect themselves while shopping online.

According to data published by the Federal Trade Commission (FTC), young adults are 86% more likely to report losing money to online shopping scams and 330% more likely to fall victim to investment scams. Therefore, millennials should be mindful of the increased risks they face and exercise vigilance and caution in their use of technology, explains Wealth Building Way.

Readers are advised to update their software and security patches to ensure they have the best protection against phishing attacks. Furthermore, they should always use two-factor authentication (2FA) when available as it can neutralize risk when a password is compromised.

In addition to discussing various types of scams, the guide also outlines tips for identifying and avoiding phone scams. It notes that phone scammers often use pressure tactics to create a sense of urgency. As a result, requests for personal information over the phone should always be treated with suspicion. To stay safe, millennials should take the time to verify a caller’s identity before providing sensitive information.

About Wealth Building Way

Wealth Building Way is dedicated to promoting financial and cybersecurity literacy through credible reports, guides, and training programs. Their website features guides on investment, personal finance, and real estate.

“Millennials need to understand and recognize common financial scams targeting their demographic,” says a spokesperson for the company. “They can secure themselves from potential financial pitfalls by staying vigilant, informed, and exercising caution, enabling them to safeguard their finances and contribute to a safer environment for everyone.”

For more information about avoiding scams that target millennials, visit https://wealthbuildingway.com/how-can-millennials-identify-and-avoid-financial-scams-expert-strategies-and-tips

Contact Info:
Name: Robert O’Neill
Email: Send Email
Organization: Wealth Building Way
Address: 16238 Highway 620 N Suite F-104.b, Austin, TX 78717, United States
Phone: +1-512-677-7448
Website: https://wealthbuildingway.com/

Source: NewsNetwork

Release ID: 89123811

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