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The slew of new online users that emerged as a result of the pandemic's stay-at-home orders created new opportunities for fraudsters to take advantage of unsuspecting consumers, especially those under 25 and over 75, according to LexisNexis Risk Solutions. The firm's latest biannual Cybercrime Report, which covered July 2020 through December 2020, revealed people under 25 were the most susceptible to fraud attacks, while the over-75 group – the second-most susceptible – lost the most money to fraud.
The high level of vulnerability among the youngest consumers can be attributed to the fact that many of them are new to digital services, according to the report; the under-25 age group accounted for a 10% growth in new online customers over a four-month period. In addition, LexisNexis said, younger generations are known to be more relaxed about sharing information online, which can make them more vulnerable to data breaches and identity theft.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
