The Better Business Bureau has released its list of the top 10 riskiest scams in Canada. ottnews
, followed by cryptocurrency scams and advance fee loans.
"Home improvement scams were the riskiest scam reported because you can lose a lot of money. There's a lot involved with that," explained Melanie McGovern, International Assoc. of BBB Director of PR."It’s not older people who are losing money to scams, it's 18-to-24-year-olds," said McGovern."So, have that conversation with your kids about safety online. They grew up with the internet. It's not something that is scary to them.
Rounding out The Better Business Bureau's top five scams of 2022 are investment scams, and employment scams. Online purchase scams, rental fraud, credit card scams, travel scams, and phishing complete the top 10.To protect yourself, the BBB advises always using a credit card when shopping online, as they offer built-in fraud protection. It is also recommended to avoid responding to text messages from unknown numbers or clicking links within them.
"Texting scams were up 39 per cent over 2021. So a lot of scammers are using texting as a method of contact," says McGovern. One victim, a Bitcoin broker who goes by the alias"Mr. Bitcoinz", told CTV News he was recently scammed out of his entire Bitcoin account.After visiting his phone provider, he discovered that scammers had sim-swapped his phone, giving them access to his email and exchange account. With access to all of his information, the scammers were able to steal all of his Bitcoin, totaling 10 coins, which had an approximate value of $200,000 CAD.
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.
Home improvement, cryptocurrency scams the riskiest in 2022, new report saysThe Better Business Bureau says Canadians fell for home improvement scams the most in 2022, in a report highlighting the riskiest scams and how much money they cost Canadians.
Read more »
Opinion: My data got leaked in Indigo’s ransomware attack: We need better cybersecurity rulesFive years after I’d left Indigo, my information was leaked as part of a ransomware attack on the company
Read more »
Solana: Outage FUD subsides, should you expect better performance in March?Solana’s daily active users recovered handsomely since the outage-induced FUD subsided. The number of long positions for SOL jumped over the last few days. The Solana [SOL] ecosystem saw a significant uptick in its daily active addresses, eclipsing other big chains like Ethereum [ETH] and Polygon [MATIC]. This behavior was supported by readings from Token […]
Read more »
'In better financial shape': Village of Baddeck hires new CAO, while board chair steps down | SaltWireBADDECK — As the Village of Baddeck is getting most of its financial affairs back in order, some new faces will be gracing the board of commissioners in ...
Read more »