#financial-scams

#financial-scams

Beware of reverse mortgage scams that pressure older adults into hasty decisions without adequate understanding.

Consumers lost $10 billion to scams in the U.S. in 2023, with imposter scams being the most common.

Perpetrators of scams target people's vulnerabilities like desire for love or greed, often using sophisticated methods like personalized emails.

Criminals are exploiting Google Calendar emails for phishing attacks, affecting over 300 organizations and 4,000 emails in four weeks.

Canadian taxpayer fraudulently claimed over $40 million in refunds from the CRA, exposing serious weaknesses in the agency's verification processes.