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Fraud Prevention Month began in Canada.
Thousands of Canadians of all ages and from all walks of life are defrauded yearly. Recognizing fraud is the first step to better protecting yourself.
Fraudsters are professional criminals who rely on some basic techniques to be successful. These include:
1) Developing professional-looking marketing materials.
2) Provide believable answers to your challenging questions.
3) Impersonating government agencies, legitimate businesses, websites, charities, and causes.
4) Pretending to be your ordinary supplier.
5) Hiding the valid details in the fine print.
6) Preying on vulnerable people, including those needing help with loans or finding employment.
7) Asking for fees in advance of promised services.
8) Threatening legal action to collect on alleged contracts.
9) Falsely claiming affiliation with reliable sources, including supporting or endorsing their products/services where none exist.
These criminals often exchange victim lists with other fraudsters, opening up victims to repeated attempts.
During Fraud Prevention Month, Canadians learn how to protect themselves and their families from those seeking to steal. The United States and other countries also have a Fraud Prevention Week in March. In Canada, it is a month-long event, and it is rapidly gaining popularity.