Protect Yourself From Fraud And Scams: Tips For Individuals And Businesses

22.10.24

In today’s digital world, financial fraud and scams are more common than ever. Whether you’re an individual or a business, it’s essential to stay informed and take steps to protect yourself. Here are some key tips to keep in mind:

For Individuals:

• Don’t be pressured: If a telemarketer pushes you to buy something or send money, ask for written information or simply hang up.
• Verify legitimacy: Always verify organizations before taking action. Look up the contact details of companies that call you to ensure they’re legitimate.
• Protect personal info: Never share personal details like your name, address, or SIN with unsolicited callers.
• Avoid upfront fees: Remember, there are no prize fees or taxes in Canada. If you won it, it’s free.
• Be cyber safe: Install antivirus software, update your systems, and never give remote access to your computer. Avoid sharing explicit photos or videos online.
• Create strong passwords: Use a mix of letters, numbers, and symbols. Enable multi-factor authentication for extra security.

For Businesses:

• Know your contacts: Scammers may use the names of legitimate companies in fake invoices. Verify all invoices thoroughly.
• Limit information sharing: Educate your employees to avoid giving out business details over unsolicited calls.
• Watch for red flags: Be cautious of larger than normal orders or multiple orders for the same product. These may indicate fraudulent activity.

By following these tips, you can protect yourself and your business from becoming a victim of fraud. Stay vigilant and secure!