Influencer endorsements: Scammers can exploit trust by using a well-known figure to promote a fake product. It may look like a legitimate collaboration between the influencer and the brand, but it could involve fake followers and phishing attempts.

Gaming peer pressure: In multiplayer games and chat-based platforms, scammers may pose as friends or manipulate real ones to pressure the victim into sending gift cards, giving money or granting account access. It may feel like a social exchange, but in reality, it’s exploitation.

Check and money order scams: Scammers may promote something through a social media pop-up, such as a “promotion gig,” that requires unexpected steps to receive funds. Victims receive a check and are told to transfer some of it via a wire transfer, a payment app or gift cards. By the time the check is exposed as fake, it’s too late, and they’re responsible for the lost money.

Phony job offers: New graduates are often eager to be hired, which can make them a target for job offer scams. Victims are often asked to pay upfront for “training materials” or equipment, only to find out the job never existed.

Investment scams: These provide a false promise of big returns on investment opportunities. Fake testimonials and “limited time” deals could entice them to take action quickly. Once funds are sent to the “investor,” the scammer disappears.

Children, teens and young adults want more than just a place to store their money. They’re looking to grow their wealth, learn financial responsibility and understand real world skills. Help them build a strong foundation in money management through the following:

• Start the conversation early: Talk openly about the types of scams that exist. Use casual moments, like dinner table talks or car rides, to talk about online safety.
• Discuss shared responsibility: Explain that while the bank will help protect them, there are certain steps they need to take too, like pausing and verifying before acting.
• Identify peer pressure tactics: Not every friend online has good intentions. Make sure they’re not being manipulated into sending money or sharing account information.
• Encourage hesitation: Remind them to question what they see online and double-check with a trusted adult before taking action.
• Share real-life scenarios: Review examples of common scams, like phony job offers or phishing links, and discuss what they would do in those situations.
• Set online boundaries: Teach them to avoid responding to messages or unexpected opportunities from strangers.