Gen Z falls for online scams more than their boomer grandparents do, per Vox.

According to a recent survey conducted by Deloitte, 5% of baby boomers reported falling prey to online scams. In stark contrast, a notable 16% of Gen Z users, more than three times the rate of the older generation, experienced similar cybercrimes.

Gen Z encountered a higher incidence of having their social media accounts hacked compared to boomers (17% vs. 8%). Additionally, they experienced more instances of their location information being misused than any other generation.

Various cybercrimes, including phishing, identity theft, romance scams, and cyberbullying, disproportionately target younger generations in comparison to their older counterparts. In the realm of fraud, a substantial 44% of young adults aged 20 to 29 fell victim, a figure that markedly surpasses the 23% reported among individuals aged 70 to 79.

Alarmingly, the situation appears to be escalating for young individuals. As highlighted by Vox, online scam victims under 20 years old collectively lost an estimated $8.2 million in 2017. Fast forward to 2022, and that figure has surged to a staggering $210 million.