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As we turn to online services and rely on the digital marketplace more than ever, it’s important we have the tools and information we need to protect ourselves from online fraud. March is Fraud Prevention Month and we want to share a few tips from the Canadian Anti-Fraud Centre (CAFC).

Everyone is a potential target of fraud. Recent statistics from the CAFC show that in 2020 Canadians lost over $106.4 million to fraud, $62.6 million of which was related to online fraud. The actual impact of fraud is likely much larger as the CAFC estimates that Canadians report only 5% of actual fraud cases.

Anyone who believes they have been contacted by a scammer, is aware of a scam, or has become a victim is strongly encouraged to report it to the authorities. By reporting a scam, authorities will be able to warn Canadians, which may limit it from spreading.

This March, help us fight online scams. Knowledge is power! Join us in the conversation using #FPM2021 and find information to recognize, reject and report online fraud.

From: Competition Bureau Canada

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