TD survey: half of Quebecers feel vulnerable to fraud

TD poll: half of Quebecers feel vulnerable to fraud

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Cybersecurity was already very important in recent years, and it will become even more so this year under the pressure of the criminal organizations of cyberpirates which abound in the rogue states which target all private and public companies in the West .

Last example, Samsung has just confirmed a major breach of its servers in which nearly 200 gigabytes of confidential data, source code and biometric unlocking algorithms have been hacked.

On a smaller scale, the Online fraud continues to quietly and silently wreak havoc on the general population, both financially and psychologically.

Top 10 Frauds

Half of Quebecers avoid talking about fraud

On the occasion of Fraud Prevention Month, TD Bank has released the results of its survey which reveals that half (50%) of Quebecers surveyed say they do not discuss fraud prevention or protection with their entourage.

A quarter, 25%, say they have received investment advice from strangers online, including on social media or direct messaging platforms.

The survey TD reveals among other things that:

  • 25% of Quebecers say they have been the target of fraud attempts in the last year, 44% of which have taken place by telephone, and 46% by email or text message.
  • 47% of Quebecers feel vulnerable to fraud.
  • 82% of respondents believe that the more time you spend online, the greater the risk.

By phone, email…

Four in ten Canadians surveyed (37%) have been the target of fraud attempts in the past year, 64% of which have occurred by phone and 58% by email or text message.

If people don't educate themselves well enough before making a financial decision, they risk losing their down payment or investment due to fraud. easy earnings, all through communication technologies is golden business for dishonest people.

“According to the Canadian Anti-Fraud Centre, in 2021 Canadians lost a total of $163.9 million to investment scams; it was declared fraud that was the costliest in the country during this period. »

Ten most common frauds according to financial damage

Prevention and awareness

Here are tips from TD for Canadians who want to know how to better protect themselves and their loved ones against financial fraud. Useful advice whatever the bank.

  • Check if the request is legitimate. –If you receive a call from someone claiming to be from a government agency or financial institution asking you to give out confidential information, take part in a survey, or – explicitly –- lie to your friends, family or other people, it could be an attempt at fraud. If in doubt, hang up and dial the number on the back of your debit or credit card, or check the agency or institution's website for the actual contact information.
  • Beware. – If someone gives you unsolicited advice, be wary and do your homework (including the person's company and professional license) before making a decision financial, especially if you are pressured to act quickly. Don't click on a link that comes from an email address or phone number you don't recognize.
  • Tell your family and friends. If you receive a scam call or message, speak up. You will help protect others by telling them about your experience. Also consider reading and relaying TD's resources and advice on fraud, for information and protection.
  • Pay attention to alerts of fraud sent to you. – By subscribing to free services like TD Fraud Alerts, you will receive text messages that will alert you if suspicious activity is detected in your personal bank accounts.
  • Lock or block your credit card if necessary. – You can lock your credit card if you've misplaced it, or block international purchases in person when you're not traveling abroad.
  • Protect your PIN and passwords. – No one but you should know your passwords and PIN, not even your family members. Your bank would never ask you for this information. Never give your confidential personal information or access codes (accounts and otherwise) to anyone, whether in person, on the phone or online.
  • Check regularly your statements, online accounts and banking apps. – You will thus be able to detect possible fraudulent transactions more quickly. Expense management apps can come in handy. This is particularly the case with the TD MySpend app, which sends real-time purchase transaction notifications, a function that allows you to quickly spot a fraudulent transaction.

Bank of Canada document

For more information, see the excellent document produced by the Bank of Canada to detect fraud attempts and how to counter it.