HomeEquity Bank has hired one of the most famous scammers in the world, to help people understand how to protect themselves from the fraudsters who would steal their money, CTV News' Chief Financial Commentator Pattie Lovett-Reid explains in her column on CTVNews.ca
Last Updated Wednesday, August 26, 2020 11:46AM EDT
HomeEquity Bank has hired one of the most famous scammers in the world, to help people understand how to protect themselves from the fraudsters who would steal their money. TORONTO -- You have heard the saying..."it takes one to know one"? That is the approach HomeEquity Bank is taking to share tips on protecting yourself against fraud. And they have hired a previously convicted con man to do the job.
HomeEquity Bank thought bringing in Frank Abagnale would get people's attention and this is clearly a topic that needs attention. There does tend to be a lot of fraud coverage and for the fraudsters it is big business. Scams like these have bilked Canadians out of $54 million dollars so far this year.According to Abagnale, be on the alert when people ask for money or information and always be on your guard if there is ever a sense of urgency or pressure is applied. He also recommends that you never use a debit card. In fact, he doesn't - ever.
Fraudsters are savvy and they will exploit your vulnerabilities in a heartbeat. Let's stop them in their tracks by simply taking a few precautions and begin with saying "No thank you" when you're asked to divulge and personal or money data.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pattie Lovett-Reid: COVID-19 is not an excuse to live in divorce purgatoryThe pandemic may have exposed vulnerabilities in your relationship you now realize are too challenging to overcome. If staying together is no longer the option you once hoped for, now is the time to put a plan in place and surround yourself with the right experts to answer your tough questions, CTV News' Chief Financial Commentator Pattie Lovett-Reid explains in her column on CTVNews.ca.
Read more »
Pattie Lovett-Reid: COVID-19 is not an excuse to live in divorce purgatoryThe pandemic may have exposed vulnerabilities in your relationship you now realize are too challenging to overcome. If staying together is no longer the option you once hoped for, now is the time to put a plan in place and surround yourself with the right experts to answer your tough questions, CTV News' Chief Financial Commentator Pattie Lovett-Reid explains in her column on CTVNews.ca.
Read more »
Retirement planning can be so complex people avoid it altogether. Here's how to avoid that trapThere are ways it can be simplified
Read more »
Study suggests there is 'no safe level' of caffeine consumption for pregnant womenWomen who are pregnant or trying to conceive should avoid caffeine consumption altogether, according to a recent analysis of several observational studies on the effects of caffeine on pregnancy.
Read more »
The Pandemic Is A Devastating Crisis. Climate Change In Canada Will Be Worse.Addressing climate change will be a top priority this fall, says Environment Minister Jonathan Wilkinson.
Read more »