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Be The Grinch When It Comes To Fraudsters

Government of Canada [1]This information can never be shared enough – please pass it along, whether the people you know are tech vets or tech newcomers. No matter what you’re doing online—shopping, banking, or using social networks to connect with others—it pays to protect yourself against fraud during the holiday season. The Financial Consumer Agency of Canada [1](FCAC) offers some timely tips [2] to help you avoid becoming a victim of online fraud – along with all kinds of other important financial information.

“Canadians are sharing lots of information online when they use social media, buy goods and services and engage in activities like gaming and chatting,” says FCAC Commissioner, Ursula Menke. “But as more personal data is disclosed, unfortunately more is also being stolen. It is important that Canadians are aware of not only how this information can be stolen, but how they can protect themselves.”

FCAC has recently updated its anti-fraud resources to provide consumers with more information on how online fraud can occur. For example, fraudsters often steal information from people using social networking tools [3] or public wireless Internet access [4] (also called Wi-Fi), which is typically offered for free in locations such as coffee shops, hotel lobbies and airports.

Some of the more common ways that people expose themselves to fraud include:

Fraudsters are trying to get any information they can find about you. Your personal details may not be harmful on their own, but once they are combined, a fraudster can build a profile, steal your identity and access your financial accounts.

How to reduce your risks

What to do if you become a victim