fraud protection

Beware Out There - Online & Telephone Scams

Over the last few months, we've had a number of clients reach out about things that they have seen online. Phony ads promising massive returns and using politicians or celebrities to attract people to their sites. We can't stress enough how important it is to be skeptical of anything you see online. Sites like Facebook don't do a good job of weeding out nonsense or scams. Not only have we seen all kinds of fake stories on Facebook over the last few years, but now we are finding these investment scams too.

Protect Yourself From Scams

According to the Canadian Anti-Fraud Centre, 45,000 Canadians lost more than $96 million to online and telephone scams in 20191. These stats are rising dramatically in our post-COVID reality. In April 2020 alone, there were 6566 reports and 2317 victims defrauded of over $8.3 million. The isolation and anxiety brought about by the global pandemic have inspired con artists to up their game against unsuspecting victims.

How to Protect Yourself from Fraud

Isabel was paying for a store purchase with her debit card. She noticed the clerk was doing something with his cellular telephone, then placed it on the counter. Isabel realized that the clerk had set the phone, equipped with a digital video camera, to record her card number and PIN. Isabel immediately called her bank and canceled her debit card.

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