March is Fraud Prevention Month – but did you know that only an estimated 5 – 10% of frauds are actually reported?
Constable Craig Soldan with the OPP says that common scams include spearfishing frauds, romance scams, lottery frauds, bank frauds, and the grandparent scam. These scams often target vulnerable demographics, including seniors and those less technologically savvy.
Soldan emphasizes the necessity of vigilance and skepticism when approached with enticing offers or suspicious requests for money. He underscores the importance of verifying sources, conducting thorough checks, and seeking advice if uncertain – simply put, take a moment and think it through. Many scammers will pressure their victims with urgency. Additionally, Soldan urges victims not to hesitate in reporting fraudulent activities, assuring them of support and confidentiality from law enforcement.
Despite the prevalence of fraud, many victims hesitate to report due to embarrassment or skepticism regarding law enforcement’s ability to resolve the issue due to many fraudsters targeting victims internationally.
The Canadian Anti-Fraud Centre (CAFC) serves as a vital resource for reporting fraud incidents, contributing to the collection of crucial data – they accumulate data on losses in frauds across the country.
In an age where technology facilitates fraudulent activities, Soldan advises constant vigilance and communication within communities, particularly among vulnerable groups. By fostering awareness and encouraging reporting, authorities aim to curb the proliferation of fraud and protect citizens from falling victim to deceptive schemes.
Written by B. Shakyaver
