Episode 71: On Guard against Fraud

In 2020, the Canadian Anti-Fraud Centre received 67,294 fraud reports from Canadian consumers and businesses, involving losses of more than $104.2 million.  It is estimated that fewer than 5% of victims file a fraud report with the CAFC.

The top two reported frauds are extortion and identity fraud - over 33,000 reports.
Frauds involving romance, investment, spear phishing, and extortion are the most expensive, costing victims just under $62 MILLION.

Carol Gilmour, Senior Support Unit Coordinator of the Canadian Anti-Fraud Centre, gave us a tour of the world wide web of fraud.  We learned the tricks of the con artist trade; we learned how to thwart the nefarious schemes of fraudsters who are ready to steal your money and identity.  Globally, fraud is a multi-billion dollar business.  We must ALWAYS be vigilant.

If you have been been a victim of fraud, report it to the CAFC online at

https://www.antifraudcentre-centreantifraude.ca/index-eng.htm

or by phone at 1-888-495-8501

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