Don't Get Tricked
It's often been that senior citizens are usually the biggest target for online scams, but the FTC's annual report of consumer complaints* showed some different statistics. 40% of young adults who have reported fraud ended up losing money, whereas 18% of consumers over 70 have lost money. However, seniors wind up losing a larger amount of money. But any amount of money can be significant no matter your age.
There are a number of scams out there, but what seems to be affecting younger people are online tricks where you are convinced to give out your online banking credentials and/or debit card and PIN information. Imposters may already know some of your personal information and provide that to gain your trust, then convince you to provide more.
No matter what your age, it's important to protect your banking information. Remember, Provident will never ask you for personal account information by e-mail or telephone unless you initiate the contact. Learn more about how to protect yourself.