FTC: Millennials Report Losing $71M To eCommerce Fraud In Two Years
PYMNTS
OCTOBER 1, 2019
A new report by the Federal Trade Commission (FTC) has revealed that millennials are 25 percent more likely to report losing money to fraud than consumers ages 40 and over. Online shopping fraud reports include complaints about items that are never delivered or are not as they were advertised. The average loss was $600.
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