Canadian seniors warned about GIC scam
Investors, including Canadian seniors, are advised to exercise caution when considering Guaranteed Investment Certificate (GIC) offers online. Fraudulent websites have been identified that aim to deceive individuals by impersonating legitimate financial institutions and their representatives. These scams often claim to offer high returns on GICs but do not provide legitimate investments or financial advice. Investors […]
Canadian seniors feeling ‘fraud fatigue’
A majority of Canadians are feeling ‘fraud fatigue’ and increasingly vulnerable as fraud becomes more personalized. According to RBC’s annual Fraud Prevention Month Poll, almost all respondents (98%) have seen more targeted and sophisticated scams, with nearly nine out of 10 (89%) noting a rise in scam attempts more than ever before (up from 77% in 2023). In addition, the […]
How Canadian seniors get scammed at the bank
As online fraud and scams targeting older adults reach alarming levels, Techie Nesters, a trusted advocate for older adults, is calling on Canada’s banks to take more active steps to stop fraud before it’s too late. Despite free fraud support calls and educational sessions at community hubs like Collingwood’s Leisure Time Club, fraudsters continue to exploit seniors, often using tactics that lead them directly to […]
This is how Canadian seniors can avoid scams
As technology advances and more seniors embrace the digital world, the risk of falling victim to scams also increases. Scammers often target older adults due to their perceived vulnerability and potential unfamiliarity with modern technology. However, by taking proactive steps and staying informed, seniors can protect themselves from these malicious schemes. Here are some essential […]
