The latest cons in the cryptocurrency world

Tesla CEO Elon Musk Scam The U.S. Federal Trade Commission said that US $2 million was stolen from cryptocurrency investors by fraudsters impersonating Tesla CEO Elon Musk. Musk is a proponent of currencies like bitcoin and dogecoin. A giveaway scam contacted...

RCMP in Kelowna issue a warning for business owners, as several are being targeted by email fraud

Mounties are reminding business owners to beware of a common scam circulating in the Central Okanagan. The Kelowna RCMP is warning the local business community to beware of a cyber fraud. This scam entails a criminal targeting a business and exploiting an existing...

Edmonton woman lost $1K to loan scam

An Edmonton woman is warning people about advanced fee loan fraud in the hope it can stop others from falling prey to the scam. The Better Business Bureau scam tracker says more than $85,000 has been lost this year across Canada and there has been a rise in loan...

Alberta’s New COVID-19 Vaccine Card Could Lead to Fakes

The Alberta government launched its COVID-19 immunization record so vaccinated individuals can print out a card-sized copy. It appears there are flaws in the system and getting your name on one of these cards is easy. After the site launched, individuals on social...

Scammers are Posing as Officials from The Canada Border Services Agency in Manitoba

RCMP in Steinbach, Manitoba say scammers are posing as officials from the Canada Border Services Agency (CBSA) and asking people for personal information. RCMP want to warn the public of this scam and would like to remind citizens to never disclose personal...

Mississauga Man Sentenced to More Than 11 Years in U.S. Prison for Money Laundering Crimes

The 36-year-old, who is a dual citizen of Canada and the U.S., pleaded guilty in a U.S. district court in California for money laundering crimes that involved the theft of funds from bank accounts in the U.S., Canada., the UK, and several other locations around the...

Fraud Rates Increase in Canada Post COVID-19 Lockdown

As COVID lockdowns lift, fraudsters are shifting their focus to the industries showing the most growth.  As suspected, fraudsters are evolving to a digital world. A new study by TransUnion finds the rate of digital fraud attempts rose 16.5% globally in...

Canadian Anti-Fraud Centre and United States Secret Service stop $750,000 fraud transfer

On July 6, the Canadian Anti-Fraud Centre shared a notification about a possible Business Email Compromise scam with the United States Secret Service Ottawa Field Office that resulted in saving a U.S.-based company from losing almost US$750,000 and a number of jobs.

Return scams jump as fraudsters exploit e-commerce boom

Retailers say they are seeing a sharp increase in a type of return fraud in which consumers claim they never received their online orders even though they did. The practice, known as “item not received” fraud, took off during the pandemic, when warehouses were backed up and carriers were overwhelmed by a surge in e-commerce orders.

BBB warns of Amazon raffle scam

In 2020, BBB received 771 reports of scams impersonating Amazon. The bogus raffle and suspicious link are part of a con used to trick people into visiting a phishing website, where they unwittingly share account credentials as well as personal and financial information with fraudsters.

Online Fraud