At Equity Credit Union, your financial security is our top priority, and we want to make sure you are aware of the most common scams affecting Canadians in 2024. Recent statistics and reports indicate an alarming increase in fraudulent activities, making it crucial for all of us to stay vigilant and informed.
According to an Ipsos poll published in February 2023, a staggering 43% of Canadians have fallen victim to a fraud or scam at some point in their lives. The Canadian Anti-Fraud Centre further reported a concerning 92,078 fraud incidents in 2022 alone. This highlights the prevalence of scams and the need for heightened awareness and caution.
Top Scams Targeting Canadians in 2024
- Phishing Attacks: Cybercriminals often use deceptive emails, messages, or phone calls to trick individuals into providing personal information such as passwords, credit card details, or social insurance numbers.
- Identity Theft: Criminals steal personal information to commit various forms of fraud, including opening bank accounts, applying for credit cards, or filing false tax returns.
- Investment Scams: Fraudsters may offer enticing investment opportunities with promises of high returns. Be cautious of unsolicited investment offers and always conduct thorough research before making any financial commitments.
- Online Shopping Scams: With the rise of online shopping, scammers create fake websites or listings to trick consumers into making purchases for goods that don’t exist or are of poor quality.
- Tech Support Scams: Scammers pose as tech support agents, claiming your computer has a virus or malware. They may request remote access to your device or demand payment for unnecessary services.
Protect Yourself: Tips to Stay Safe
- Verify Communications: If you receive unsolicited messages or calls, be skeptical. Verify the legitimacy of the communication by contacting the institution directly using official contact information.
- Secure Your Personal Information: Never share sensitive information such as passwords, PINs, or Social Insurance Numbers through email, phone calls, or unsecured websites.
- Stay Informed: Regularly check for updates on common scams and fraud tactics. Knowledge is your best defence against these threats.
- Use Strong Passwords: Ensure your online accounts have strong, unique passwords, and consider using multi-factor authentication for added security.
- Monitor Your Accounts: Regularly review your financial statements and credit reports to identify any suspicious activity promptly.
Equity Credit Union’s Commitment to Your Security
Rest assured that Equity Credit Union is committed to maintaining the highest standards of security for our members. We employ advanced security measures and continuously update our protocols to protect your financial well-being.
If you ever suspect fraudulent activity related to your Equity Credit Union accounts, please contact us immediately at 905-426-1389 ext. 221.
Thank you for your continued trust in Equity Credit Union. Stay informed, stay vigilant, and together, we can safeguard your financial future.