Tag: BusinessSecurity
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Fake Settlement Scams Are Targeting Canadians Again
Canadian businesses are being reminded to stay alert as scammers increasingly exploit familiar headlines to make fraud look legitimate. A recent example involves text messages claiming recipients are eligible for a “milk settlement,” despite no such class action existing. These messages typically include a link urging users to provide personal or financial information. While they…
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Canadian Securities Administrators (CSA) Deploys AI to Fight Online Investment Fraud
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…
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Be aware—the threat is real and significant
Canadian small and medium-sized businesses might want to take this threat more seriously. Cybercrime is surging globally, and Canadian small and medium-sized businesses (SMBs) are increasingly in the crosshairs. Yet many business owners still believe they’re too small to be targeted — a dangerous assumption, according to cybersecurity experts. Canada’s national cybersecurity agency warns that…
