PHIKO PETER, CLIENT RELATIONSHIP MANAGER

Catering to our desire for instant gratification, recent technological advances have made our lives easier and more efficient. Many researchers claim that these advances have made millennials more impatient than previous generations. This impatience is also extended to the way many of us approach investing: We want great returns, and we want them now. This ultimately makes us even more susceptible to fraudulent get-rich-quick schemes. In recent years, technology has disrupted the financial services industry and made instant investing more accessible. Unfortunately, investors aren’t the only ones benefiting from these advances: Fraudsters are giving old-fashioned scams a digital makeover and using online channels to fleece their victims.