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Protect Yourself from Fraud

Protect Yourself from Fraud

Date Posted: May 29, 2024

As technology continues to evolve—from phone calls to emails and texts—fraudsters are always finding new ways to adapt and exploit these advancements.

Despite the advancements in communication and security, there are still common tactics used in bank fraud that you should be aware of, many of which are summarized in this brief article.

For example, fraudulent emails often appear in your bank's branding, including its colors and logo, and may ask for your account numbers, PINs, or birthdates. These requests can seem legitimate, especially if you've previously shared this information with your bank. However, the crucial difference is that you probably provided this information when you contacted them. Banks will not reach out to you to confirm these details.

Here are some key points to remember:

  1. Account number, Debit card number, or PIN: Your bank will never request this information via text or email.
  2. Usernames or passwords: Never share these details with anyone, including family members, even in person.
  3. Social Insurance Number (SIN): Avoid carrying your SIN card in your wallet.
  4. Credit card number or CVV number: Your bank will never ask you to verify this information.
  5. Birthday or address: While your bank has this information, they may ask you to verify your address or birthday when you call them to confirm your identity.

Being aware of these tactics can help you protect yourself from bank fraud.