--- title: Millennials Are In Danger of Bank Fraud description: Millennials are at risk of bank fraud due to a variety of habits and actions. Read on to understand what they can do to protect themselves. --- [![FF-PurpleBlack-2 1](https://blog.fraudfighter.com/hubfs/FF-PurpleBlack-2%201.png) ](https://www.fraudfighter.com) - Solutions - [Counterfeit Detection](https://www.fraudfighter.com/counterfeit-detection) - [Identity Authentication](https://www.fraudfighter.com/identity-authentication) - [FraudFighter ID](https://www.fraudfighter.com/id) - [UV Counterfeit Detection](https://www.fraudfighter.com/counterfeit-detection) - [Money Handling & Verification](https://www.fraudfighter.com/products/money-counters) - [Compliance & Risk Mitigation](https://www.fraudfighter.com/education/compliance-management) - Products - [Counterfeit Detection Devices](https://www.fraudfighter.com/products/uv-counterfeit-detectors) - [CT-600](https://www.fraudfighter.com/products/ct600) - [CT-250](https://www.fraudfighter.com/products/ct250) - [ULED-2000](https://www.fraudfighter.com/products/uled-2000) - [ULED-1500](https://www.fraudfighter.com/products/uled-1500) - 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[** ](https://twitter.com/share?source=https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud&text=Millennials%20Are%20In%20Danger%20of%20Bank%20Fraud%20-%20https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud) - [** ](https://www.facebook.com/sharer/sharer.php?u=https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud&title=Millennials%20Are%20In%20Danger%20of%20Bank%20Fraud&picture=&description=Millennials%20are%20at%20risk%20of%20bank%20fraud%20due%20to%20a%20variety%20of%20habits%20and%20actions.%20Read%20on%20to%20understand%20what%20they%20can%20do%20to%20protect%20themselves.) - [** ](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud&title=Millennials%20Are%20In%20Danger%20of%20Bank%20Fraud&summary=Millennials%20are%20at%20risk%20of%20bank%20fraud%20due%20to%20a%20variety%20of%20habits%20and%20actions.%20Read%20on%20to%20understand%20what%20they%20can%20do%20to%20protect%20themselves.) ![Millennials Are In Danger of Bank Fraud](https://blog.fraudfighter.com/hs-fs/hubfs/iStock_000027421104_Small.jpg?width=300&name=iStock_000027421104_Small.jpg "Millennials Are In Danger of Bank Fraud") Millennials probably don't worry too much about identity theft or fraud -- but according to a study from the Federal Trade Commission, 20- to 29-year-olds actually report the most identity theft of any age bracket. Young people are the most vulnerable to these types of fraud, with Javelin identifying that college students are the most prone to identity theft, though they may not even realize it is happening to them. So why is this generation -- one that has been dubbed the money-saving, debt-wary, and credit protective age group -- at such high risk of fraud? Millennials' actions actually put them at risk of bank fraud, whether they know it or not. Here are five ways that young people are putting themselves at risk - and ways to avoid bank fraud. 1. Sharing sensitive information: Despite being so in tune with technology, a surprising number of young people share sensitive information online. Fix: Do not share personal info on online forums. 2. Using debit instead of credit: While many young people fear using credit will lead to out-of-hand debt, using debit allows for fraudsters to immediately take your money. Fix: Switch to credit and/or check your bank statements often. 3. Banking online with public wi-fi: Logging on to check your bank account while on public wi-fi puts your account in a vulnerable position for bank fraud. Fix: Do not bank on public networks. 4. Making purchases on mobile: While m-commerce is on the rise, it also puts young people at risk. Fix: Be careful when shopping on mobile. Use your own wi-fi or even consider switching to your computer to make the final purchase. 5. Sharing everything with each other: While many are accustomed to sharing their passwords for streaming sites and other accounts, this puts them at risk. Fix: Be sure you trust those who you share passwords with. [Click here](http://www.huffingtonpost.com/gobankingrates/5-ways-millennials-are-in_b_7673176.html) to read the full article from GOBankingRates for Huffington Post. - [**](https://twitter.com/share?source=https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud&text=Millennials%20Are%20In%20Danger%20of%20Bank%20Fraud%20-%20https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud) - [** ](https://www.facebook.com/sharer/sharer.php?u=https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud&title=Millennials%20Are%20In%20Danger%20of%20Bank%20Fraud&picture=&description=Millennials%20are%20at%20risk%20of%20bank%20fraud%20due%20to%20a%20variety%20of%20habits%20and%20actions.%20Read%20on%20to%20understand%20what%20they%20can%20do%20to%20protect%20themselves.) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fraudfighter.com/millennials-are-in-danger-of-bank-fraud&title=Millennials%20Are%20In%20Danger%20of%20Bank%20Fraud&summary=Millennials%20are%20at%20risk%20of%20bank%20fraud%20due%20to%20a%20variety%20of%20habits%20and%20actions.%20Read%20on%20to%20understand%20what%20they%20can%20do%20to%20protect%20themselves.) ![shape](https://blog.fraudfighter.com/hubfs/raw_assets/public/LandingPageTheme/images/shape-new02-new.png) ## Related Blogs ![](https://blog.fraudfighter.com/hubfs/Identity-authentication-financial-institutions-bank-secrecy.png) [Identity Verification](https://blog.fraudfighter.com/topic/identity-verification) ![time](https://blog.fraudfighter.com/hubfs/raw_assets/public/LandingPageTheme/images/time-icon.png) 10 minute read ## [What Are the Top Identity Verification Solutions for Compliance Teams?](https://blog.fraudfighter.com/what-are-the-top-identity-verification-solutions-for-compliance-teams) Identity verification solutions enable compliance teams to confirm user identities while preventing... ![](https://blog.fraudfighter.com/hubfs/Stock%20images/Close%20up%20of%20human%20hands%20and%20documents%20with%20graphs%20and%20diagrams.jpeg) [Document Verification](https://blog.fraudfighter.com/topic/document-verification) ![time](https://blog.fraudfighter.com/hubfs/raw_assets/public/LandingPageTheme/images/time-icon.png) 11 minute read ## [How Do Document Verification Solutions Reduce Loan Fraud Losses?](https://blog.fraudfighter.com/how-do-document-verification-solutions-reduce-loan-fraud-losses) Document verification solutions reduce loan fraud losses by authenticating identity documents,... ![](https://blog.fraudfighter.com/hubfs/ID-150-no-bg.png) [Identity Authentication](https://blog.fraudfighter.com/topic/identity-authentication) ![time](https://blog.fraudfighter.com/hubfs/raw_assets/public/LandingPageTheme/images/time-icon.png) 7 minute read ## [What ID Authentication Technology Stops Fraud Before It Happens?](https://blog.fraudfighter.com/what-id-authentication-technology-stops-fraud-before-it-happens) Identity fraud losses reached USD 27.2 billion in 2024, forcing enterprises to adopt pre‑emptive... ![FF-PurpleBlack-2](https://blog.fraudfighter.com/hubfs/FF-PurpleBlack-2.png) 1743 South Grand Ave. Glendora, CA 91740 US: (888) 664-9325 Intl: (626) 213-2702 ### Products - 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