Identifying and Preventing Financial Fraud - Amazon AWS

Financial fraud has become more sophisticated and harder to detect. of Canadians worry about themselves or their loved ones becoming a victim of financial fraud. Financial fraudsters target consumers in a number of ways. PHISHING. Tricks you into providing sensitive information, such as passwords and credit card ...
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FRAUD-TERVENTION: Identifying and Preventing Financial Fraud Financial fraud has become more sophisticated and harder to detect. A recent TD survey found

85% of Canadians worry about themselves or their loved ones becoming a victim of financial fraud

HERE'S WHY: The sophistication of current fraud schemes

Being too trusting

Not being properly educated on fraud schemes

28%

27%

26%

Financial fraudsters target consumers in a number of ways

FEAR

WORRY

EXCITEMENT

URGENCY

PHISHING Tricks you into providing sensitive information, such as passwords and credit card details, by e-mail. E-mails appear to come from legitimate companies. SPOOFING E-mail appears to be from a trusted source. Opening a web link in the e-mail may prompt you to login to a fake website. Opening an attachment could release malware that steals sensitive information. VISHING Phone calls or voice messages from alleged reputable companies or government agencies tricking you into revealing personal information, such as bank and credit card details. SMISHING A text message sent to your phone to trick you into clicking a link and providing private information, such as credit card details. CHEQUE FRAUD Entices you to cash a fraudulent cheque or asks you to send money to an unknown source for special fees.

SIGNS OF POTENTIAL FRAUD • • • •

TD will not ask for personal information via e-mail/voicemail/text message Look for spelling and grammar mistakes in the written communications It’s unsolicited, unexpected or seems too good to be true There is a feeling of urgency, fear, excitement or worry in the communications

For more tips on fraud prevention, visit: tdcanadatrust.com Source: TD Canada Trust Fraud Prevention Month Poll of Canadians aged 18+ conducted by Environics Research Group