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Mar 2, 2023 · Ontario has a fraud problem. Here's one way the province is trying to tackle it. Last year, Canadians reported losing about $416 million to fraud, a 55 per cent jump from the previous...
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As Canadians turn to online services and rely on the digital marketplace more than ever, it’s important they have the tools and information they need to protect themselves from online fraud. This March, online scams will be at the centre of the Fraud Prevention Month campaign.
Competition Bureau partners with the RCMP and CAFC to promote awareness of online fraud
February 25, 2021 - GATINEAU, QC - Competition Bureau
As Canadians turn to online services and rely on the digital marketplace more than ever, it’s important they have the tools and information they need to protect themselves from online fraud. This March, online scams will be at the centre of the Fraud Prevention Month campaign.
2021 marks the 17th year of Fraud Prevention Month, and this year the Competition Bureau will join forces with the Royal Canadian Mounted Police (RCMP) and the Canadian Anti-Fraud Centre (CAFC) to increase the reach of the fight against online fraud in Canada.
From Canadian consumers to big corporations, everyone is a potential target of fraud. Recent statistics from the CAFC show that in 2020 Canadians lost over $106.4 million to fraud, $62.6 million of which was related to online fraud. The actual impact of fraud is likely much larger as the CAFC estimates that Canadians report only 5% of actual fraud cases.
•The Competition Bureau’s campaign will focus on warning Canadians about online shopping scams and deceptive practices, including non-delivery of goods, subscription traps and fake online reviews.
•The RCMP and CAFC’s campaign will focus on warning Canadians about frequent digital frauds and scams and how to report them.
•The Competition Bureau initiated the Fraud Prevention Month campaign in 2004, with the support of the Fraud Prevention Forum. The Fraud Prevention Forum consists of more than 60 Canadian organizations, ranging from consumer and volunteer groups, government agencies, police services and law enforcement organizations, to private companies.
•The Little Black Book of Scams, 2nd edition is an online resource to learn about 12 common scams and available in 8 different languages.
•This March, follow our campaigns with #FPM2021:
•The Competition Bureau on Facebook, Twitter and LinkedIn.
“As Canadians increasingly rely on online tools to work, pay bills, shop and socialize, fraudsters are taking advantage of this situation, using technology to target their victims with scams that are more and more sophisticated. Fraud awareness is vital for Canadians to navigate the digital marketplace with confidence.”
Matthew Boswell,
Commissioner of Competition
“Fraud has always been a crime that targets many, but since the beginning of the pandemic there has been a noticeable increase in reports of scams and fraud. Many of us have been relying on online services and methods of communication more than ever before and fraudsters are taking advantage of this. This Fraud Prevention Month, we encourage everyone to learn what fraud looks like and to share this information with their friends and family.
Michel Arcand,
Assistant Commissioner, Federal Policing Criminal Operations, Royal Canadian Mounted Police
Jun 20, 2022 · Online scams are more common than you may realize. But which ones are the most common and how do you avoid becoming a victim? We discuss these questions and more in our deep dive into internet scams.
Feb 22, 2022 · In addition to calling out sources of false information related to news events, history, conspiracy theories, and folktales, the Snopes newsroom for years has tracked nefarious internet scams...
Mar 31, 2021 · The most common Scams facing Canadians today are: Online Banking Scams. This can include everything from phishing, virus attacks, western union money transfers, online banking takeovers and more. Fraudsters know that online banking is becoming more and more common among Canadians and are looking to capitalize on that.
Dec 31, 2021 · Between March 6, 2020 and Nov. 30, 2021 there were 27,330 Canadian victims of fraud for a loss of $7.8 million. Labine added the majority of frauds involved online purchases or schemes.
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The COVID-19 pandemic has changed the way cyber criminals are targeting you online. Learn what phishing scams look like these days and how to prevent them.
