Aggregated News From Investment Management Regulators

Canadian Anti-Fraud Centre Bulletin: 2021 Checklist-Be Cyber Secure and Fraud Aware


Please complete the required fields.


With fraud and cybercrime reporting going up again this year, the CAFC created the following checklists so that Canadians can be fraud aware and cyber secure in 2021.

For Individuals
Be Fraud Aware
  • Don’t be afraid to say no
  • Don’t react impulsively, scrutinize urgent requests
  • Don’t be intimidated by high-pressure sales tactics
  • Ask questions and talk to family members or friends
  • Request the information in writing
  • If in doubt, hang up
  • Watch out for urgent pleas that play on your emotions
  • Always verify that the organization you’re dealing with is legitimate
  • Don’t give out personal information
  • Beware of unsolicited calls or emails (e.g. phishing) that ask you to confirm or update your personal or financial information
Be Cyber Secure
  • Protect your computer by ensuring your operating system and security software are up-to-date
  • Secure your online accounts, use strong passwords and, where possible, enable two-factor authentication.
  • Secure your devices and internet connections
  • Some websites, such as music, game, movie, and adult sites, may try to install viruses or malware without your knowledge
  • Watch out for pop-ups or emails with spelling and formatting errors
  • Beware of attachments and links as they may contain malware or spyware
  • Never give anyone remote access to your computer
  • Disable your webcam or storage devices when not in use
  • If you are having problems with your system, bring it to a local technician
For Businesses
Be Fraud Aware and Cyber Secure
  • Train your employees about cyber security and fraud
  • Have policies or a plan in place to help employees
  • Know who you’re dealing with. Consider compiling a list of companies your business uses to help employees know which contacts are real and which aren’t.
  • Watch out for invoices using the name of legitimate companies. Scammers will use real company names like Yellow Pages to make the invoices seem authentic. Make sure you inspect invoices thoroughly before you make a payment.
  • Don’t give out information on unsolicited calls or to unsolicited emails
  • Educate employees at every level to be wary of unsolicited calls. If they didn’t initiate the call, they shouldn’t provide or confirm any information, including:
    • The business address
    • The business phone number
    • Any account numbers
    • Any information about equipment in the office (e.g., make and model of the printer, etc.)
  • Limit your employees’ authority by only allowing a small number of staff to approve purchases and pay bills.
  • Beware of spear phishing. Have policies in place to verbally confirm requests for urgent wire transfers or purchases.
  • Review potentially fraudulent orders. Watch for:
    • Larger than normal orders
    • Multiple orders for the same product
    • Orders made up of “big-ticket” items
    • Use of multiple credit cards to pay
  • Review the Get Cyber Safe guide for businesses.

If you think you or someone you know has been a victim of fraud, please contact the Canadian Anti-Fraud Centre at 1-888-495-8501 or report online at

This news item was originally published by the Financial and Consumer Services Commission (FCNB CA). For more information, see the Source Link.

Regulator Information

Abbreviation: FCNB
Jurisdiction: Canada

Recent Articles

The SEC Levels Up: Statement on In re Activision Blizzard

Feb. 3, 2023 Today, the Commission announced a $35 million settlement with Activision Blizzard Inc. (“Activision Blizzard”).

Mr William Stephen Cairns (date of Birth 15 January 1949) of Key West, Doyle Road, St Peter Port Guernsey GY1 1RG — GFSC

Date of prohibition order pursuant to section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 and prohibited functions: From 2 February 2023 until 2 July

Mr Du Preez Gert Vermeulen (Date of Birth 5 August 1987) of Doyle Court, Doyle Road, St Peter Port Guernsey GY1 1RD

Date of prohibition order pursuant to section 33 of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020 and prohibited functions: From 2 February 2023 until 2 Mar

Publication of a Notice of the fact of a Prohibition Order and a Discretionary Financial Penalty — GFSC

On 2 February 2023, the Commission imposed discretionary financial penalties as follows:  Mr William Stephen Cairns (“Mr Cairns”) a financial penalty of £133,000; and  Mr Du Preez Gert Vermeulen (“M

Get the latest from Regulatory.News in your inbox!