As Canadians continue to move their daily interactions online, digital fraud attempts are rising at an alarming rate. Scammers are increasingly taking advantage of online platforms, from emails to social media, and even through personal conversations with friends and family.
An Interac survey revealed that 86% of Canadians are exhausted by relentless fraud attempts, with more than half encountering these scams weekly.
The sophistication of these scams is increasing, making it more difficult for Canadians to detect fraudulent activities. Nearly 38% of Canadians have faced scams where fraudsters used personal information to pose as trusted sources, causing significant concern.
However, Canadians are becoming more empowered, taking on the role of the first line of defence against fraud. To protect yourself, it's important to adopt a proactive approach. Following the "Stop, Scrutinize, Speak Up" method can help prevent falling victim to these scams -
- STOP: If a message or request seems suspicious, take a moment to pause. (Is the email legitimate, do you do businessCanadian Anti-Fraud Centre with this company.?) Don’t rush to provide personal information or respond quickly, especially if the request is unexpected.
- SCRUTINIZE: Look for red flags. Stay informed about the latest scams by checking resources like the Canadian Anti-Fraud Centre. Take your time before responding to any message.
- SPEAK UP: If you suspect a scam, verify the legitimacy of the request by contacting the source through a different communication method. If you’ve shared sensitive information, report it immediately to your financial institution and the Canadian Anti-Fraud Centre.
By using these simple yet effective steps, Canadians can stay ahead of scammers and protect their identity and personal information from fraud. Stay alert, stay informed, and act quickly to keep your information secure.