Tag: fraud

A longtime family friend of mine worked in the banking industry at the time when credit cards were being rolled out in Canada. In the late 1960s and early 1970s, he would drive from town to town in rural Ontario to convince skeptical bank employees that it was possible to buy groceries with a 3″ […]

Romance scams are not quite a consumer issue. But they are a particularly heartless type of fraud. They prey on the kindness of people looking for love. Since it’s Valentine’s Day, we figured we would provide some tips. What is a romance scam? These days, typical romance scams begin online. They routinely involve a practice […]

If you think you are the victim of a fraud, contact your local police service immediately and report the incident to the Canadian Anti-Fraud Centre (online or at 1‑888-495-8501). Phone scams are more sophisticated than ever. In 2018, CBC’s Marketplace exposed a large-scale call centre in India operating to bilk Canadians out of their money. […]

Data breaches are becoming all too common. Canadians entrust companies with all sorts of personal information. This data can be immensely profitable to fraudsters. And high-profile breaches — from Yahoo!’s in 2013 to Equifax’s in 2017 to Capital One’s this year — seem to be on the rise. Millions of Canadians have had their personal […]

Canadians send over a million electronic money transfers – over $360 million – each day. But, as CBC News reports, e-transfers may not be as secure as you think. Anne Hoover discovered this the hard way. She sent more than $1,700 by e-transfer to a friend, only to find that it was lost in transit. […]