< Vacationers need to be aware of online rental scams, experts warn - Canadian Fraud News Inc. | Fraud related news | Fraud in Canada

Vacationers need to be aware of online rental scams, experts warn

July 13, 2021 – As more people get vaccinated and some restrictions are lifted, travellers may be tempted to take a vacation this summer, but experts are warning people to be careful as online rental scams are increasing.

If you’re thinking of a last-minute cottage rental, just be aware that online rental scams have increased by 15 per cent during the pandemic according to the Canadian Anti-Fraud Centre (CAFC).

Rental scams were a huge problem last summer as many people vacationed within the province.

The CAFC said fraudsters were able to steal funds from 386 victims totalling $586,424 in losses in 2020. This is only the amount reported to CAFC so it’s likely losses are much higher.

If you’re planning a vacation, cyber security experts say beware of online rental scams. CTV News reports. | READ MORE