In 2022, the Canadian Anti-Fraud Centre (CAFC) received 90,377 fraud reports involving over $530 million in reported losses. Top types of fraud included identity fraud, investments, romance scams, phishing, extortion, service scams and many others.
This Fraud Awareness Month, take a moment to familiarize yourself with the tips below to help protect yourself from fraud:
- – Create strong passwords for each of your accounts.
- – Setup multi-factor authentication to make it more difficult for someone else to access your accounts.
- – Update the privacy settings attached to your social network accounts.
- – Be familiar with the terms of service and how payment methods work before using them. Look for a fraud protection policy.
- – Never, under any circumstances, accept money and send money to a third party. You may be participating in money laundering which is a criminal offence.
- – Avoid reacting automatically. Take five minutes to ask additional questions and listen to your instincts. If something doesn’t seem right, ask someone else you trust about it.
- Note: Encourage others to take five minutes via social media by using #TakeFive and tag CAFC AT @canantifraud. Remain current on frauds and protect others by sharing what you know. Tell two others and ask them to do the same. An unbroken chain of 25 people telling two would cover the entire population of Canada.
- Note: If you are going to tell two via social media, use #Tell2 and tag CAFC at @canantifraud.
- – Do not trust the information on your call display because it can easily be manipulated.
- – Do not provide your personal or financial information on demand.
- – Do not open an attachment or click a link in an unsolicited email or text message.
- – Learn more tips and tricks for protecting yourself.
Anyone who suspects they have been the victim of cybercrime or fraud should report it to their local police and to the Canadian Anti-Fraud Centre’s online reporting system or by phone at 1-888-495-8501. If not a victim, report it to the CAFC anyway.
Follow the Canadian Anti-Fraud Centre (CAFC) on social media and visit their website for fraud prevention information. Don’t forget to use #FPM2023 on all fraud prevention posts!