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2022-01-20. The best way to prevent your business from becoming a victim of fraud is for you and your employees to be informed and vigilant. Get to know the different types of scams and always report instances of fraud to the police, the Canadian Anti-Fraud Centre, or the Competition Bureau.
ask for the company’s contact information, then research both the company and the person who contacted you. ask for a written contract and thoroughly inspect it, along with any invoices, before making a payment. If you are threatened verbally or in writing, call your local police and the Canadian Anti-Fraud Centre.
Here are some of current business scams and how to protect yourself and your business. SPEAR PHISHING IS ON THE RISE Spear phishing is the most common type of corporate fraud, accounting for $46.9 million in losses in 2022 (up from $263,000 five years earlier), says Sgt. Guy Paul Larocque, CPA, acting officer in charge of the Canadian Anti-Fraud Centre (CAFC).
Step 3: Report the incident to the Canadian Anti-Fraud Centre or the Competition Bureau. Contact the Fraud Reporting System (Canadian Anti-Fraud Centre) or call toll-free at 1-888-495-8501. You can also file a report of a misleading or deceptive marketing practice with the Competition Bureau using the online complaint form.
Sep 17, 2024 · 5. Fake invoices Scams. Watch out for scammers who might sneak a fake invoice in with your regular bills. They may charge you for items or services you never requested, like advertising never shown, memberships to nonexistent trade groups, or office supplies you never ordered or received.
Mar 10, 2023 · Contact the Canadian Anti-Fraud Centre toll free at 1-888-495-8501 or through the Fraud Reporting System. Equifax: 1-800-465-7166. After making language selection, say “fraud” or press 3 ...
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Scammers create a sense of urgency, intimidation, and fear. They want you to act before you have a chance to check out their claims. Don’t let anyone rush you to pay or to give sensitive business information. Scammers ask you to pay in specific ways. They often demand payment through wire transfers, cryptocurrency, or gift cards.
