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7 ways to protect yourself from ID theft
– moneysense.ca
Avoiding identity theft is becoming ever more challenging in Canada. The Canadian Anti-Fraud Centre (CAFC) received more than 11,000 identity theft and fraud reports in 2023, and both government and financial institutions report an increase in cases.
According to the CAFC, these are some of the most common ways that criminals steal Canadians’ identities:
Taking personal or financial information from your recycling bin or mailbox
Obtaining your information through a spoofed website, which is a fraudulent website set up to look like a site from a trusted source, like a bank
Pretending to be a bank or government employee to “phish” for information by phone, email or text
By the time the victim realizes what’s happening, the fraudsters may have used the personal information to drain their bank accounts or take out a loan in the person’s name, for example.
Dealing with the aftermath of ID fraud can be time-consuming and stressful, from trying to recover lost funds to repairing a damaged credit score…
Your ID was stolen, here’s what to expect
– moneysense.ca
Your identity was stolen—what does that mean, and how might it impact you in the future? It’s a frustrating situation to be in, and you may have concerns about protecting your credit rating and preventing scammers from using your identity to commit fraud.
Unfortunately, identity theft is on the rise in Canada. In 2023, over 11,000 cases of ID fraud were reported to the Canadian Anti-Fraud Centre (CAFC). Fraud crimes are vastly underreported, so the total is likely much higher.
Identity theft is no longer just someone combing through your paper mail for personal information. That still happens, but what’s more likely now is that your information is being stolen online through hacking or a phishing scam, where you are unknowingly giving a scammer personal information. Here’s what you need to know—plus how to prevent further ID theft.
What is identity theft?
Identity theft is when criminals steal your personal or financial information, like your social insurance number (SIN), credit card number or bank account information, and use it to open new credit cards, apply for government benefits, make purchases, or access your bank accounts and steal funds…
A flock of black swans is about to descend on the markets. Here’s what I see ahead for investors in 2025 – The Globe and Mail
– news.google.ca
