Take extra precautions
The last thing you need in this time of uncertainty is to become a victim of fraud. And fraudsters are not slowing down. In fact, they are taking advantage of the COVID-19 pandemic to prey on consumers’ fears. But the more informed you are, the better you will be able to protect yourself.
You may get a phone call, email, or text regarding COVID-19. If you do, be extremely cautious. If it seems too good to be true, it probably is.
In the online information age, financial fraud is becoming more complex. It is easy to be taken in. Fortunately, there is lots of good information online about how to protect yourself. The Competition Bureau of Canada’s The Little Black Book of Scams gives you important information about the different types of fraud that exist and great tips to help protect yourself.
The Canadian Anti-Fraud Centre also has a list of reported frauds and scams, including those associated with the pandemic. If you suspect fraud, alert the centre, as well as your financial institution immediately.
It is also important to order a free copy of your credit report from Equifax or TransUnion to check for signs of fraud. This is something you should do at least once a year to make sure someone has not tried to apply for credit cards or other loans in your name.
Find more information at canada.ca/money.