Types of Fraud

  • Identity Theft

    Identity theft is a growing concern for Canadians. There are ways that you can be proactive in protecting yourself and your loved ones from this criminal activity. The Consumer Measures Committee (cmcweb.ca ) has a public, government-sponsored site which has useful information on how to prevent identity theft and what to do if you become a victim of such a crime. Remember to be suspicious of anyone who contacts you by any means and requests personal information such as account numbers, credit card numbers, personal identification numbers (PIN) or passwords. Remember to protect these numbers and passwords when using them in public places.
  • Overpayment Scams

    An overpayment scam is a type of fraud where the person receiving the cheque is actually owed money for goods sold. The seller of an item receives a counterfeit cheque or money order from the purchaser in an amount that is in excess of the amount owed. The seller is then asked to deposit the cheque and wire the excess funds immediately back to the sender/purchaser or the purchaser's agent or shipper. The deposited cheque is subsequently returned as counterfeit and charged back to the seller's account. To protect yourself against this sort of scam, never agree to a deal in which the payer wishes to issue an amount for more than the agreed price and expects you to reimburse the balance. The scammers use a variety of excuses to explain the overpayment, but any such excuse should be treated with the utmost suspicion. Contact your local law enforcement office if you suspect such a scam is taking place.
  • Phishing Emails

    Phishing emails are unsolicited emails designed to prompt the recipient to provide vital personal and/or banking information to the sender. The email may indicate a need to update a personal profile, reactivate an account which has been locked for security purposes, or promises some kind of return for providing the information such as a prize or entry in a draw.


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