Recognize, reject and report. Those are the three Rs when it comes to fraud.
During Fraud Prevention Month, consumers of all ages are encouraged to research fraud and familiarize ourselves with scams and how they can be identified.
Josephine Palumbo, a Deputy Commissioner with the Competition Bureau, tells us how fraud has grown in just the past decade.
“According to Statistics Canada, fraud cases in Canada have almost doubled over the past ten years, surging from 79 thousand in 2012 to 150 thousand in 2022.”
Palumbo added that in 2023, the Canadian Anti-Fraud Centre received fraud reports totalling a staggering 554 million dollars.
She added that this increase shows that fraudsters are becoming more skilled and technology like artificial intelligence is helping them improve on their old tricks.
To learn more about fraud prevention go to the Competition Bureau website.
