Unfortunately, seniors often make good targets for scammers, the BBB writes.
If you’re 25 years old, what scams could fool you?
Last week, the Better Business Bureau released its report of the riskiest scams in North America — split into age groups.
The report comes in March during Fraud Prevention Month.
Here’s the breakdown:
Ages 18 to 24
- Online purchase scams
- Employment scams
- Investment scams
BBB’s research shows that 59.8 per cent of North Americans — 53 per cent of Canadians — are shopping online more, and 46.4 per cent — 56 per cent of Canadians — spend more time browsing online or on social media.
Given these habit changes, it is not surprising that Online Purchase Scams are the number one scam affecting all age groups across North America.
In 2021, nearly one third of all scams — 37.4 per cent across North America and 32.5 per cent across Canada — in 2021 were online purchase scams, and almost three out of four —74.9 per cent in North America and 73 per cent in Canada — of those targeted by online purchase scams reported losing money.
For the first time since the BBB began publishing the risk report, investment scams were third riskiest for ages 18 to 24.
This could possibly be related to the rise of interest in cryptocurrency overall.
Ages 25 to 44 and ages 55 to 64
- Online purchase scams
- Cryptocurrency scams
- Employment scams
In 2021 cryptocurrency was the number one top riskiest scam in…
