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Fraud Prevention Month starts, cyber incident costs hospital chain $67 million and problems with COVID apps

March 3, 2021 (Canada) – Fraud Prevention Month starts, cyber incident costs hospital chain $67 million and problems with COVID apps. The start of Fraud Prevention Month is a time to remind consumers and businesses to be more aware of all the scams going on. While not all fraud occurs online a significant amount does. Accurate statistics on online fraud are hard to come by because it relies on reporting. But last year the Canadian Anti-Fraud Centre received over 101,000 overall fraud reports involving nearly $160 million in reported losses. Of that $160 million, $18.5 million came from romance scams, $16.5 million came from investment scams, $14.4 million came from targeted email scams called spear phishing and $12 million came from extortion. IT World Canada reports. | READ MORE