Millennials are prime targets for online financial scams.
These scammers are after one of two things: your personal information or your money.
And they’re getting more sophisticated.
From cryptocurrency and job scams to fake online stores and student loan forgiveness schemes, fraudsters know how to exploit digital habits.
Watch out for red flags like pressure to act fast, requests for payment via gift cards or crypto, or surprise windfalls like contests you never entered.
If someone does ask for sensitive financial information or tries to rush you into a decision, pause and verify.
If you think you’ve been scammed, don’t panic - but act quickly.
Notify your bank or credit card company of what you believe are fraudulent account withdrawals or charges.
The Federal Trade Commission offers tools to help you spot scams, protect your identity and report fraud.
Visit consumer.ftc.gov to learn more about how to prevent scams and what to do if you’re a victim.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson, and Hawes Dickerson. Members SIPC.
