EP130 Show Me The Fraud – Fraud Prevention Month
Young and old people alike need to consider how to protect themselves from fraud and prevent identity theft. Fraud can be initiated in several ways, including by telephone, email, text message, and online as well as through social networks, postal mail, or in-person. There are a few steps you can take to make it more difficult for criminals to hack or obtain your information. When you take appropriate measures and make yourself a harder target, you discourage the attention of criminals.
Today, in honor of Fraud Prevention Month, I share how you can reduce your risk of fraud and identity theft. I share the risks linked to our online activities and how fraudsters can take control of your cellphone and your credit. I highlight tips on preventing fraud, including when to be cautious about sharing your information. I also share the details of the organizations you should contact if you lose your phone, wallet, or suspect you are being targeted by criminals.
“You need to take good care of your personal information, whether it’s electronic or on paper.” – Tracey Bissett
This Week on Young Money:
- Identity theft risks associated with our reliance on phones and online accounts
- How fraudsters can take control of your cellphone number
- Protecting your online information with strong passwords
- Securing and restricting access to physical information
- What cellphone port protection is
- Organizations you should report fraud to
- Using caution when disclosing personal information, using unsecured public networks, and responding to suspicious messages
Resources Mentioned:
- Fraud Prevention Centre
- Canadian Anti-Fraud Centre
- Government of Canada: Protection from frauds and scams
- Equifax Canada
- Transunion
- EP023 How to Protect Yourself from Fraud
- EP074 How to Protect Your Business from Fraud
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