Financial fraud is very big business and if you’re not extremely carefully, you could be the one being swindled. Police and industry sources say these types of crimes are not only growing, but also taking on new and increasingly sophisticated formats. How bad is it? Well, according to the Canadian Anti-Fraud Call Centre, the total reported dollar loss by Canadian victims of identity theft hit $10.9-million last year, up from $6.5-million. And it’s probably ten times as bad in the United States. If you’re interested, here is a website that tracks all kinds of different SCAMs in a message board format. So what steps can you take to prevent someone taking advantage of you? Continue reading …
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