Canada NewsWire
TORONTO, March 7, 2022
More than half of all Canadians (51%) surveyed say they do not talk about fraud prevention and protection with people they know
TORONTO, March 7, 2022 /CNW/ – A new survey released by TD Bank Group for this year’s Fraud Prevention Month reveals four-in-ten Canadians polled (37%) have been targeted by fraudsters in the last year, with most fraud attempts happening over the phone (64%), followed by emails and text messages (58%).
One-in-four Canadians surveyed (26%) say they have received investment advice online from people they do not personally know, including via social media and/or direct messaging platforms. TD fraud expert, Sophia Leung, Head of Protect Platform, which oversees fraud strategy and cyber-threat management, advises people to research information sources extensively before making an investment decision that might lead to major financial loss due to fraud.
“Investment scams can have a huge impact on victims where they are misled into giving large sums of money, at times almost their entire life-savings, toward phony investments opportunities,” says Leung. “Canadians should continue to exercise caution when receiving investment advice from people they don’t know, especially as reliance on technology and communication devices continues.”
According to the Canadian Anti-Fraud Centre,…
