What age groups are most affected by fraud?

Fraud can affect individuals of all age groups, but certain demographics tend to be more vulnerable than others. Older adults, particularly those aged sixty-five and above, are often targeted by fraudsters due to several factors, including social isolation, cognitive decline, and a lack of familiarity with technology. This group may be more trusting and can sometimes be less aware of the various types of fraud schemes that exist today. Young adults, typically in the age range of eighteen to thirty-five, also face significant risk as they may be more engaged with digital platforms and social media, making them susceptible to online scams, phishing attempts, and identity theft. This demographic may not have as much experience with recognizing fraudulent tactics. The Canadian Anti-Fraud Centre regularly observes trends that highlight the specific risks faced by different age groups and provides valuable information to help educate the public. For detailed insights, it could be beneficial to explore the resources available on their website.