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Dec 23, 2021 · Sue Labine, Call Centre Supervisor for the Canadian Anti-Fraud Centre, said the top scam in Canada from January 2021 to September of this year is the investment scam, with Canadians losing $70.2 ...
- Top 10 scams: Cryptocurrency climbs to riskiest scam in 2021 ...
Online purchase scams made the top three, but dropped from...
- Top 10 scams: Cryptocurrency climbs to riskiest scam in 2021 ...
- Online Fraud Tops The List
- Extortion Scams
- Don’T Be A Victim
The CAFC has seen an increase in online scams being reported. Some of the top ones include: 1. Puppy scams: Puppies are advertised for sale online and a payment is requested before seeing the pup. Often, there is no dog or buyers are sent to a fake address 2. Rental scams: Homes are listed for rent online and again, a rent payment is requested befo...
Other scams that have cost Canadians millions include extortion scams. The most common ones are the CRA scam, the border mail scam and the grandparents scam. All involve an intimidating phone call from someone claiming something has gone wrong and if the consumer doesn’t pay up, something bad will happen. Labine said they always use emotion to targ...
The CAFC said there are ways to keep from getting scammed. It’s always advised you know who you are sending money to. Another good practice is to always use a credit card as most will reimburse you if you fall victim to a scam. It’s also advised you work with your bank and let them know if you’re being extorted. Then there are the three Rs: recogni...
- Tomasia Dasilva
Top 10 frauds in 2021. Top 10 frauds in 2021. In 2021, the CAFC received 104,295 fraud reports involving over $379 million in reported losses. It is estimated that fewer than 5% of victims file a fraud report with the CAFC.
Mar 7, 2022 · Online purchase scams made the top three, but dropped from second riskiest scam in 2020 to third riskiest in 2021. However, the median dollar loss for these scams went from $116 in 2020 to $124 in ...
- INVESTMENT FRAUD. This is by far the most financially devastating type of fraud, with losses almost doubling from $164 million in 2021 to $308.6 million in 2022, according to the CAFC.
- ONLINE DATING SCAMS. With these scams, which accounted for $59 million in losses in 2022, the perpetrator generally creates a fake profile on social media or dating sites, then starts showing interest in a target.
- EMERGENCY SCAM. While the scam isn’t new, it is on the rise ($9.4 million in financial losses for 2022). The goal here is to make targets believe that a loved one is in urgent need of money because they are injured, have been arrested, need to pay bail, etc.
- IDENTITY THEFT. Again, while not new, this is one of the most frequently reported scams (almost 20,000 reported incidents in 2022). Young people are particularly vulnerable, with more than three out of five (63 per cent) 18-to-34-year-olds saying they have experienced at least one type of financial fraud in their lifetime, compared to 39 per cent of those aged between 39 and 54 and 31 per cent of those 55 or older, according to a CPA Canada’s annual survey.
Mar 2, 2023 · Crypto and grandparent scams on the rise. In Ontario, investment scams accounted for the highest losses from victims last year, with $136.5 million reported. Armit says a big part of that involves ...
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Dec 23, 2021 · Canadians lost $38 million to this scam in 2021. “It involves scammers pretending to be legitimate sources, and they’ll convince businesses or individuals to send them money,” Labine said. In at number four is the merchandizing scam at $5.6 million in losses, where criminals may use classified ads or fake websites to sell tickets, puppies, vehicles or to rent out apartments or cottages.
