(MIDLAND,ON)- Members of the Southern Georgian Bay Detachment of the Ontario Provincial Police (OPP) and the Canadian Anti-Fraud Centre (CAFC) are continuing to raise the awareness for North Simcoe residents of the various scams that they may encounter on the telephone or online.
The Canadian Anti‐Fraud Centre is receiving reports from Canadian based insurance companies and financial institutions about brand spoofing fixed income investment fraud. Reporting suggests this is part of a broader scam using multiple well-known company names and targeting investors across Canada.
This fraud involves Canadians receiving fraudulent offers that appear to come from the actual companies offering higher than normal returns on fixed income investment products such as Guaranteed Investment Contracts (GIC) and saving bonds. Typically, these offers materialize after a consumer searches for an investment opportunity online and enters their information into an “investment finder” type ad. Consumer will then receive calls from the fraudulent operators claiming to be a legitimate company and offering a high return fixed income opportunity. (See attached submitted CAFC prepared article)
No matter your level of cyber fitness, fraudsters will stop at nothing to steal from their victims. Your best protection against cyber threats is to learn more about them and the simple steps you can take to protect yourself.
To learn more about common tactics used by cyber criminals, explore the Fraudster’s toolbox infographic
Anyone who suspects they have been the victim of cybercrime or fraud should report it to their local police and to the Canadian Anti-Fraud Centre’s online reporting system or by phone at 1-888-495-8501. If not a victim, report it to the CAFC anyway.
CAFC Team
Fraud: Recognize. Reject. Report.
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