Government Impersonation, Phishing Are Top Financial Scams, Interac Survey Finds

Government Impersonation, Phishing Are Top Financial Scams, Interac Survey Finds
Canadian $100 bills are counted in Toronto, on Feb. 2, 2016. (The Canadian Press/Graeme Roy)
The Canadian Press
11/28/2023
Updated:
11/28/2023
0:00

A new Interac survey finds government impersonation is one of the biggest financial scams plaguing people across Canada.

Forty-two percent of survey respondents say they’ve dealt with scammers pretending to be representatives of official government institutions.

That’s followed by 41 percent facing phishing scams and 33 percent indicating they have dealt with fake banking, credit card and online account scams.

The survey, which collected responses from 1,202 people online between Sept. 28 and Oct. 6, suggests 53 percent of respondents believe being targeted by financial scams is a common occurrence in Canada. Four in 10 reported being concerned they could fall victim.

Rachel Jolicoeur, director of cyber market intelligence and financial crimes at Interac Corp., says people have to remember the criminals carrying out scams are professionals and opportunistic.

She encourages people to pay attention to these incidents, and stop, scrutinize and report.