Stay Alert! E-Transfer Scams Are on the Rise

In Ontario, a concerning new e-transfer scam is circulating, leaving residents on high alert. Experts warn that fraudsters are becoming increasingly sophisticated, targeting unsuspecting victims through their mobile phones.

The Warning Signs You Cannot Ignore

According to fraud prevention specialists from Interac and Equifax Canada, one of the key red flags is an unsolicited call from your bank. Remember, legitimate banks **never** reach out out of the blue to ask for sensitive information.”

Hackers are capitalizing on the fact that smartphones provide an easy gateway into personal data. With various forms of technology at their disposal, these criminals are using tactics like spear phishing to deceive victims. This technique involves meticulously tailored messages designed to appear trustworthy.

Expert Tips to Keep Your Finances Safe

To protect yourself, always be skeptical of unexpected communication regarding money transfers. Never share your banking details over the phone or online, unless you’ve initiated the contact. Regularly monitor your banking statements and report any suspicious activity immediately.

Stay informed and vigilant—your safety is in your hands! Tune into updates and tips from trusted financial experts to navigate the digital landscape safely.