The increasing number of online transactions leads many consumers to face a whole new reality. Most of us know someone who has been a victim of fraud or attempted fraud. A better understanding of the different types of fraud is the first step to better protecting ourselves. Here are few concepts about fraud and cyber security that will help you avoid unfortunate situations.
This method used by fraudsters consists in sending fraudulent emails or text messages on behalf of a legitimate business, such as a financial institution, company or government agency, to prompt you to disclose confidential and banking information. This data is then used to misappropriate funds, make purchases with your credit cards or, in the worst cases, commit identity theft.
Laurentian Bank will never send you an email asking you to disclose personal information, such as your password, credit card number or your mother’s maiden name.
Did you know? Canada’s Anti-Spam Legislation (C-28), which went into effect on July 1, 2014, aims to protect consumers from junk mail. So beware of any email you get from a company to which you have not given your consent to receive emails. The sender may not be who you think it is, and this may be a phishing attempt.
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