With financial fraud on the rise, experts say it’s crucial for young Canadians to remain cautious in order to avoid losing hundreds — if not thousands — of dollars.
Alejandra Laria Aleaga was thrilled to see a job offer pop into her inbox in October 2021.
The email, which didn’t land in her spam folder, seemed to be from a reputable video game company in the United States and mentioned that the company found her through a portfolio website where up-and-coming artists share their creations in order to find work, she said. And with financial fraud on the rise, experts say it’s crucial for young Canadians to remain cautious in order to avoid losing hundreds — if not thousands — of dollars.
In 2022, the Canadian Anti-Fraud Centre said it received fraud and cybercrime reports totalling a staggering $530 million in victim losses, nearly a 40 per cent increase from the year before. Garth Sheriff, a financial literacy volunteer with CPA Canada and founder of Sheriff Consulting, said it’s important to ensure the websites that you enter your personal information into are secure — starting with “https” and featuring a lock symbol — and that you take a moment to ask yourself what information you’re being asked to provide and whether it’s necessary.
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