You may think of online scams as something that only older people fall for. They get an email asking for money and don’t know any better, or get frightened and give out information when they get an alert from ‘the bank.’ But according to the Better Business Bureau, millennials are the ones getting caught in scams more than any other age group. The BBB figures it partly because millennials are just online more than any other age group, so their exposure to them is greater than others, but it also has to do with the younger generation thinking they are invulnerable to something like that. The CBC reports that millennials also lose more money in the scams:
- 34 per cent of people aged 18 to 24 who got enmeshed in a scam lost money.
- 11 per cent of people aged 65 and up who got enmeshed in a scam lost money.