February 26, 2025Staying Scam-Savvy: Fraud Risks Gen-Z Should Watch Out For

As digital natives, Gen Z spends much of their time online—scrolling through social media, shopping, or simply staying connected. While the internet offers plenty of opportunities, it also comes with risks. Fraudsters are becoming more creative, targeting young users in new and sophisticated ways. Here are some of the most common types of fraud that Gen Z should be aware of: 

1. Social Media Scams 

Fraudsters often use social media platforms to spread scams, like fake giveaways or fraudulent investment opportunities. If a post claims you can double your money instantly or win high-value prizes just by sharing personal information—it’s likely a scam. 

Pro Tip: Verify the account’s legitimacy by checking for the verified badge and cross-referencing with official pages. 

2. Online Shopping Fraud 

Gen Z loves to shop online, but not all websites are trustworthy. Scammers create fake online stores that take your money without delivering the products. 

Pro Tip: Stick to reputable online retailers and look for security indicators like HTTPS in the URL. 

3. Phishing Emails and Messages 

Phishing attempts often come in the form of urgent emails or direct messages that prompt you to click a suspicious link or share sensitive information. 

Pro Tip: Be wary of messages that claim there’s an urgent problem with your account. Verify by contacting the company directly. 

4. Romance Scams 

These scams happen when fraudsters build fake relationships to manipulate victims into sending money or gifts. 

Pro Tip: Be cautious if someone you’ve never met in person starts requesting money. 

5. Job Offer Scams 

Scammers promise high-paying jobs but require upfront fees or ask for sensitive personal information. 

Pro Tip: Legitimate employers won’t ask for payment during the hiring process. 

How to Protect Yourself 

• Enable Two-Factor Authentication: Add an extra layer of security to your accounts. 

• Secure Your Social Media Accounts: Limit the information you share publicly. 

• Stay Skeptical: If it sounds too good to be true, it probably is. 

• Report Fraud: Notify your financial institution and the Federal Trade Commission (FTC) if you suspect fraud. 

By staying informed and cautious, Gen Z can outsmart scammers and enjoy the best the digital world has to offer—without falling victim to fraud. 

We’re Here to Help! 

When in doubt, contact PEFCU! You can give us a call at 800-226-6673 or stop by any of our convenient branch locations. 

 

 

Each individual’s financial situation is unique and readers are encouraged to contact PEFCU when seeking financial advice on the products and services discussed. This article is for educational purposes only; the authors assume no legal responsibility for the completeness or accuracy of the contents.