< Extortion scams on the rise - Canadian Fraud News Inc. | Fraud related news | Fraud in Canada

Extortion scams on the rise

Feb. 3, 2021 – March is Fraud Prevention month and with more people working from home and shopping online during the pandemic there has been a huge increase in many different scams. While romance and investment scams continue to have the largest dollar losses in Canada at more than $35 million combined in 2020, extortion scams are now the most reported type of fraud in the country. The Canadian Anti-Fraud Centre in North Bay, Ont. which monitors scam activity across the country said criminals are sending a number of different threats and claim if you don’t pay up you could face harm or jail time. CTV News reports. | READ MORE