Four Types Of Fraud To Stay Safe From In This Holiday Season

Holidays are a season to get together with family and friends and share gifts. But they are also a good season for fraudulent activities. With the holiday season upon us, fraudsters are gearing up to take advantage of careless shoppers.  

Here are some common scams that you should watch out for during the holiday season. And in case if you become victim of any of these frauds, consult a reputed fraud lawyer immediately to reduce your damages.

  • SIM Swapping

The RCMP has seen a rise in the cases of identity theft through SIM swapping. Fraudsters will send you a phishing mail or a message, which appears to be from your service provider. This message contains an attractive offer or prize and a link to claim the prize. The link will ask for your personal information to authenticate your profile. Fraudsters will then use this information to contact your service provider and gain access to your phone. They can start using your mobile banking, social media accounts, email etc. With 3 cases of SIM swapping from Edmonton, police are warning people to be very careful before giving out personal information to unknown persons. If you receive any mail from your service provider, call them up to verify the authenticity of the mail.

  • Phone Scams

There are different types of phone scams, and people fall prey to it unknowingly.  The fraudsters will call you and inform that they are from the Canada Revenue Agency, Service Canada or other government organization. They then coax you to share your personal information such as name, Social insurance number, date of birth etc. The second part of the scam involves demand for cash for follow-ups with police and investigators. Sometimes these fraudsters also inform people that their bank accounts are compromised and they need to move cash into a safe account and lure people to transfer all their money into fraudulent accounts. The recent incident where a Cornwall women was duped of $4000, after informing that her SIN was compromised is an example of the top identity fraud cases in Canada.

  • Online Shopping Scams

With more and more people using the internet to shop for gifts, fraudsters are taking advantage. They come up with unbelievable offers for your wish-list items and provide products of inferior quality. Shop from well-known websites that have credit card protect and avoid lesser-known products.

  • Loan Scams

People are looking for extra cash during the holidays. Fraudsters take advantage of the situation and make calls promising easy loans. They collect the personal information of the victims and resort to identity-theft.

You have to be very careful while sharing information with unknown people. Some steps to be safe from frauds are: Report any phishing mails to your service providers, remember that no Canadian agency will call you and ask for personal information, shop in reputed websites and seek loans from credible financial institutes. Consult experienced fraud lawyers to protect your rights if you become victim to one of these frauds.

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