Monday, February 28, 2011

Online fraud accounts for 41 per cent of all funds lost to fraud

Education during March's fraud prevention month is key to safeguarding Canadians

TORONTO, February 28, 2011 /Canada NewsWire/ - Online fraud continues to rob Canadians of hard-earned income. As much as 41 cents of every dollar lost to fraud is a result of online scams such as phishing emails and spoof websitesi. With 80 per cent of Canadians over 16 years of age onlineii, consumer education regarding cybercrime and fraud prevention is extremely important.

Ahead of fraud prevention month in March, PayPal Canada's Blog is available to provide tips on:

...How to recognize types of online scams such as phishing emails and spoof websites.

...Tips for how Canadian consumers can best protect themselves against identity theft and fraud online.

...An understanding of some of the protections that exist to keep consumers safe when shopping and sending money over the Internet.

PayPal's fraud models and verification techniques are recognized as some of the strongest in the industry and, because PayPal never shares users' financial information, security and privacy are built into the service. Canadians make an online transaction with PayPal once every second, and with over four million active accounts in Canada, PayPal is a leader in the Canadian e-commerce space.

1 comment:

  1. Online fraud is definitely a major problem faced by millions of people worldwide and what is more alarming is that victims may not be well aware of it until everything has been lost. Let this be a reminder that we need to protect ourselves against potential fraud and one thing we can do is shredding San Antonio paper documents. Thank you for sharing this link that provides tips to prevent such crime. Please keep on sharing.