Young people lost more to scams in 2024 per BBB report | Columbia Valley, Cranbrook, East Kootenay, Elk Valley, Kimberley, Ktunaxa Nation

Young people lost more to scams in 2024 per BBB report | Columbia Valley, Cranbrook, East Kootenay, Elk Valley, Kimberley, Ktunaxa Nation

Younger Canadians lost more money to scams in 2024 than older age groups, despite being exposed to fewer scams overall. According to the 2024 BBB Canada Risk Report, individuals aged 25–34 reported the highest median losses, at $500, which is nearly a 67% increase from the previous year. Those aged 18–24 ranked second, with a median loss of $365. “Reports of scams targeting younger people continue to rise and unfortunately, we’re seeing more you…

Chainalysis reports an increase of 21% in funds stolen from crypto platforms, reaching the alarming figure of $2.2 billion.

Cryptocurrency scams and frauds continue to rise

On May 14, 2025, the South Bruce Ontario Provincial Police (OPP) will be hosting two information sessions on common frauds and cryptocurrency scams. This year alone, residents of Southern Bruce County have reported losses amounting to over $350,000 stemming from online cryptocurrency scams. In efforts to further educate the public, police are hosting two events discussing everyday scams. Additionally, South Bruce OPP will be joined by a member o…