Consumer Reports Highlights Surge in Text Scams Affecting Gen Z
Consumer Reports has identified a significant increase in text and messaging scams, with a 50% rise over the past year. The report highlights that Gen Z, individuals aged 18 to 29, are particularly vulnerable, as they frequently use texting as a primary communication method and have instant access to money via their phones. The report also notes a racial disparity in scam losses, with 37% of Black Americans losing money compared to 15% of white Americans. Consumer Reports advises consumers to avoid responding to unsolicited texts, use credit cards for online purchases due to better fraud protection, and employ password managers for enhanced security.