Canadian securities regulators are using advanced technology to crack down on online investment scams. In the past six months, the Canadian Securities Administrators (CSA) have blocked over 3,900 fraudulent websites, including fake investment platforms and cryptocurrency schemes.
This effort relies on machine learning to scan millions of reports daily, flag suspicious domains, and work with internet service providers to block them quickly.
The crackdown comes as online scams surge. Canadians reported $544,000,000 in losses to the Canadian Anti-Fraud Centre in the first nine months of 2025—on pace to break last year’s record. The CSA’s approach builds on earlier initiatives like Operation Avalanche, which targeted crypto-related fraud, and reflects a broader push to protect investors in the digital age.
Officials say the results prove that technology can help stop fraud before it happens.
Tips for Canadian Businesses to Fight Scams
1. Train Your Team
Teach employees to recognize phishing emails, fake invoices, and suspicious links.
2. Verify Everything
Double-check vendors, payment requests, and financial transactions using official contact details.
3. Strengthen Security
Enable multi-factor authentication, keep systems updated, and use advanced monitoring tools like MDR services.
Original article courtesy of TheGlobeAndMail.com
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