Young adults are more likely to fall foul of online banking fraud than their parents, a study shows. While the younger generation may be more tech-savvy, it seems they throw caution to the wind when it comes to online safety.
A survey found under 25s are more than twice as likely to fall for ‘vishing’, where fraudsters obtain personal details of a victim over the phone.
Research found one in six people aged between 18 and 25 would willingly transfer money into a ‘safe’ account if someone claiming to be a bank worker instructed them to do so in order to investigate a security breach.
This fell to just one in 10 people aged 25 to 44, while the older generation were even more alert to the dangers, according to a survey of 2,000 adults.
Respondents aged 45 to 54 were the most wary, with just one in 17 saying they would authorise the transfer, followed by just one in 14 among the over-55s. Read more
