Every year, scammers steal millions of dollars from thousands of Canadians.
As technology has advanced, so have scams, evolving from the famous email scam of a Nigerian prince offering gold for money to selling fake cryptocurrency.
The Canadian Anti-Fraud Centre (CAFC) receives thousands of reports of scams each month.
In 2023, it processed 63,789 fraud reports, there were 42,226 victims and $577 million was lost to fraud.
As of Oct. 31, 2024, it processed 40,623 reports, there were 28,634 victims and $503 million was lost to fraud.
Albertans account for 2,952 of the reports, 2,164 of the victims and lost more than $39 million between Jan. 1 and Sept. 30.
“However, it is important to note that the highest reported value scams do differ from the highest reported number of victim scams,” said Christina Zoernig, …