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Keep fighting against fraud.

Canadians are being encouraged to fight back against scammers and you can help.

A 2014 survey for the Chartered Professional Accountants of Canada (CPA Canada) found that Canadians generally recognize the threats posed by fraud and identify theft and many of us are taking preventive action. For example, 59 per cent of those surveyed cover the keypad when entering their PINs.

However, the survey also found that nearly a third of respondents reported being a victim of fraud.

"It's essential that people remain engaged," says Kelley Keehn, author of CPA Canada's book titled Protecting You and Your Money: A Guide to Avoiding identity Theft and Fraud.

For example, Keehn advocates checking our credit scores at least twice a year as an abnormality often is the first sign of fraud. Other basic tips offered include warnings not to store passwords, credit card numbers, or SINs on mobile devices or computers, and to keep sensitive information off social media

"A little bit of information here and there becomes increasingly valuable as it's accumulated," explains Keehn.

Just the tip of the iceberg is being exposed when it comes to scams in this country, adds Jessica Gunson with the RCMP's Canadian Anti-Fraud Centre.

"Less than five per cent of fraud is reported. From this tiny portion, experts estimate that each year, actual losses are in the billions of dollars," Gunson points out. "For every successful fraud, 15 more are attempted, so authorities need the public's ongoing help to recognize it, report it, and stop it."

Actual or suspected frauds can be reported at www.antifraudcentre. ca or by calling toll free 1-888-495-8501.

You can order the fraud prevention book at www.cpacanada.ca/financialliteracypublications

Caption: A third of Canadians reported being a victim of fraud according to a survey

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Title Annotation:Personal Finance
Publication:Asian Pacific Post
Geographic Code:1CANA
Date:Dec 11, 2014
Words:295
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