More Canadians are falling victim to investment and crypto scams, according to a new report from the Better Business Bureau (BBB) but the demographic losing the most money to con artists might be surprising.
Stefanie Lasuik of the BBB’s Central Canada branch told 680 CJOB people between the ages of 18 and 44 have dropped the most cash of any age group, losing an average of $2,500 to these kinds of financial scams.
“(It’s) a little bit of a surprise, often we think of younger Canadians as being more savvy — they grew up with technology and they typically understand it a little bit more than older Canadians,” Lasuik said.
“But we’re seeing when they do get scammed, they are losing high dollar amounts.”
Lasuik said improvements in scammer sophistication mean even those who think they’re adept at navigating the internet could get taken in. Caution is your friend when …