Fraud reports up 39% in Red Deer – Red Deer Advocate

Last year, financial losses from scams and fraud jumped a record 130% from 2020, according to the Canadian Anti-Fraud Centre.

Reports at the center showed Canadians lost $379 million in 2021.

Red Deer saw a 39% increase in fraud reports last year. Over the past five years, reports have increased by 19%, according to the Red Deer RCMP.

The Canadian Anti-Fraud Center said that increasingly, and especially in the past two years during the pandemic, many people have turned to online services and devices to carry out their daily activities, and many fraudsters are using impersonation tactics to impersonate a trusted source to steal. money or personal information.

The Red Deer RCMP agreed that identity theft is a big problem. Scammers will try to impersonate a family member, the bank, or even the police, so it’s very important that people do their own research to verify someone’s identity.

“Fraud has real impacts on individuals, businesses and organizations. Many don’t think this could happen to them, but the spike in financial losses reported last year shows that’s not true,” said Chris Lynam, executive director of the Canadian Anti-Fraud Center and National Security Unit. RCMP Cybercrime Coordination.

“As law enforcement and their partners continue to work to prevent and thwart fraudsters, we need Canadians to learn how to protect themselves and always report.”

The anti-fraud center said the five most reported scams and frauds in 2021 were extortion, phishing, merchandise scams, service scams and vendor fraud.

The scams that caused the highest financial losses in 2021 were investment scams, with losses exceeding $113 million. The anti-fraud center said this is a new trend, with a notable increase in cryptocurrency investment scams.

It is estimated that only 5% of fraud cases are reported, and March is Fraud Prevention Month to help raise awareness.

Victims of crime, scam, fraud or cybercrime are encouraged to contact their local police. People should also report incidents, whether they are victims or not, to the Canadian Anti-Fraud Center through the online reporting system or by phone at 1-888-495-8501.

The Canadian Anti-Fraud Center and the RCMP’s National Cybercrime Coordination Unit are working together to develop a new national reporting system for individuals, businesses and other organizations to report incidents of fraud and cybercrime to law enforcement. The new system is expected to be officially launched in 2023-2024.

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