March is Fraud Prevention Month
The Competition Bureau, along with the Fraud Prevention Forum, plays an important role in helping Canadians get the information they need to be informed and confident consumers. Consumers also have a role to play in stopping fraud by arming themselves with the facts and reporting fraud when they encounter it.
Thousands of Canadians of all ages and from all walks of life are defrauded each year. There is no typical fraud victim in Canada. Fraud targets Canadians of all ages and from all walks of life. Recognizing fraud is the first step to better protecting yourself.
Fraudsters are professional criminals that know what they are doing. Fraudsters rely on some basic techniques to be successful. These include:
- developing professional-looking marketing materials;
- providing believable answers for your tough questions;
- impersonating government agencies, legitimate businesses, websites, charities, and causes;
- pretending to be your ordinary supplier;
- hiding the true details in the fine print;
- preying on areas of vulnerability, including those needing help with loans or finding employment;
- asking for fees in advance of promised services;
- threatening legal action to collect on alleged contracts;
- falsely claiming affiliation with reliable sources, such as legitimate news sites to support their products or services;
- and exchanging victim lists with other fraudsters.