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Identify it, reject it, report it – how to keep yourself safe from becoming a victim of fraud

March is Fraud Prevention Month – an annual public awareness campaign that works to prevent Canadians from becoming victims of fraud by helping them recognize, reject and report it.

Statistics from the Canadian Anti-Fraud Centre show that in 2020 alone, Canadians lost more than $106 million to fraud.  As the digital economy plays an increasingly important role in the lives of Canadians, fraudsters are coming up with more sophisticated scams. The good news is that most frauds can be prevented by identifying the methods used by fraudsters. The more you know, the less likely you are to fall for it.

Through our products and services, we touch the lives of millions of Canadians every day and we have a responsibility to help consumers get the information they need to protect themselves. That’s why we’ve launched a new hub “Frauds and scams” that provides consumers with easy to understand definitions of commons frauds, as well as providing tips about how they can protect themselves, and how to report these frauds. Check out the site and stay alert!