#CyberFLASH: 6 tips to thwart identity theft and fraud

rbc-customer-meghann-johnstonFinancial fraud by identity thieves is simpler than victims might suspect, experts warn. But even anti-fraud educators were surprised by the case of Meghann Johnston.

The former RBC customer’s accounts were compromised three times in at least two different branches of the bank, apparently by someone without a client card or PIN who managed to withdraw tens of thousands of dollars.

Although anti-fraud experts noted that Johnston’s case is rare, they said most consumers can avoid experiencing that kind of stress and financial heartache by adopting some new habits and correcting some bad ones.

Beware of oversharing online

Resist the urge to brag. Vacation announcements, life milestones and financial achievements might be interesting news to share with friends, but it can also entice enemies seeking to exploit your social media activity for their gain.

“Everything you post online tells a story about you. It’s your birthday, or you go to this university, or you post that you just got a line of credit from the bank,” said Athena Mailloux, program co-ordinator for the Fraud Examiners’ program at Humber College.

“A lot of people don’t realize when they’re tweeting out all these bits of information, a fraudster’s job is to troll and put the story together to then become you.”

Read more here

About canux
© 2013 CyberTRAX Canada - All Rights Reserved.
Sponsored by C3SA Corp.