The biggest target of online scams? Millennials

Protect yourself with these tips

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From the June 2016 issue of the magazine.

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Whoa! Canadians between the ages of 19 and 35 now account for a whopping 50% of the more than $10 billion annually defrauded through online scams, according to data complied by Equifax Canada and the Canadian Anti-Fraud Centre.

The reason? Whether it’s online banking or tapping into a free Wi-Fi hot spot, “millennials rely heavily on technology for most of their day-to-day activities, which exposes them to more risk,” says John Russo, Equifax Canada’s Chief Privacy Officer. Follow these tips to protect your private data from phishing and other forms of internet account theft.

How to avoid online scams

Be less social

Don’t overshare personal information (like your home or email address) on social networks

Shop cautiously

Only enter your credit card number on secure web pages with “https” in the address bar and a padlock symbol at the bottom of the browser window

Use strong passwords

A complicated mixture of letters, numbers and special characters will keep your personal information safe. Change it regularly

Check your credit report

Anyone can order it free from Equifax or TransUnion

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