Fraud doesn’t discriminate. While we may think of seniors as the most common targets for fraudsters, younger individuals who rely on mobile banking, online payments and digital wallets are increasingly vulnerable too.
From phishing emails to fake text messages and compromised payment terminals, scams now come in many forms, each designed to look as real as the apps we use every day.
Smart protection starts with smart habits
A few small habits can dramatically reduce your risk of becoming a scammer’s next victim. Think of these as the digital equivalent of locking your front door:
• Use strong PINs and passwords
• Enable multi-factor authentication wherever you can
• Avoid using public Wi-Fi for online banking
• Review your bank statements regularly to catch fraudulent activity early
If you think someone has accessed your account, act immediately:
• Change your passwords and PINs
• Notify your bank or credit card issuer
• Report any transactions you didn’t make
• Check your credit report for unfamiliar accounts
• Monitor your accounts closely after reporting
Protecting yourself from financial fraud isn’t just about being cautious, it’s about knowing what to watch for and what to do if you suspect you’re being targeted. Learn more at canada.ca/money.
— News Canada
