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Industry News

02 Mar 2012

Steps should be taken to prevent online fraud

In an effort to help customers, the Financial Consumer Agency of Canada has released a number of tips to help people fight against fraud on social media websites, unsecured public networks and more. Internet security is extremely important to keep in mind for both individuals and companies.

"The best way to avoid becoming a victim of fraud is to protect your personal and financial information at all times. Whether you're at home, in a public place, on the phone or online, keep in mind that someone could steal personal information if it is not properly protected," says Ursula Menke, Commissioner of the FCAC. "Fraud can be committed by anyone - someone close to you, someone in your community, or a distant stranger."

The agency suggests consumers should be wary of clicking on links in emails always check the URL they're clicking. The FCAC also says consumers shouldn't be embarrassed to report fraud if it happens and should avoid providing personal information unless talking to a trusted source.

Having the guard up for internet security is extremely important, as BankInfoSecurity explains that cyber criminals always go over the perceived weak link when they can. People should look to protect themselves against by these scammers by using security methods and common sense.