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New target for scammers: Millennials - KSBY.com | San Luis Obispo and Santa Barbara Area News

New target for scammers: Millennials

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Scam phone calls are on the rise, and a new study shows that scammers are targeting certain age groups.

Most surprisingly, it's not your grandparents.

Experts say millennials are six times more likely to give away credit card information to fraudsters than any other age group.

"This is because millennials spend most of their waking hours on the phone and are a lot more accustomed to sharing information and making payments online or on the phone," says Truecaller's Tom Hsieh. 

A Truecaller survey found Americans lost about $10 billion to scammers in 2016, up 60 percent from the year before.

Men were also two times more likely than women to get scammed.

Still, anyone can fall victim, and there's no perfect solution to stop the calls, although adding your number to the National Do Not Call Registry and downloading a caller ID and spam blocker app couldn't hurt.

Be wary of calls from unknown numbers and never give out personal information.

In fact, it's a good idea to not say anything at all, just hang up, or don't answer to begin with. Scammers could use a recording of your voice to authorize purchases.

The FCC is cracking down, but don't expect the calls to stop anytime soon.

Apps like Truecaller and Nomorobo are free and can help identify spam calls. 

Related coverage:
Scam Central

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