March is Fraud Prevention Month! At Seniors First BC, we regularly hear from our clients about being targeted and financially impacted by fraud. We aim to do our part in fraud prevention by providing assistance, encouraging reporting, and raising awareness.
The Canadian Anti-Fraud Centre (CAFC) has created a new guide called "Tricks of the Trade: What's In a Fraudster's Toolbox?" so Canadians can identify fraud attempts and protect themselves and the people around them. Access the guide here!
In 2022, according to the CAFC, there were 57,055 Canadian victims of fraud totaling $431M lost — another historic year statistically in a growing trend. Despite these significant numbers, it is estimated that only 5 to 10% of victims report to the CAFC and local police.
Reporting fraud is especially important as it helps law enforcement investigate and prevent fraud, support system changes, and inform the public about the latest schemes immediately.