2019 marks the 15th anniversary of Fraud Prevention Month in Canada. Fraud Prevention Month, which takes place in March each year, is organised by the Competition Bureau of Canada to bring together government agencies and financial institutions across Canada and raise awareness about financial fraud. By communicating more information about how fraud occurs, Canadians can be empowered to Recognize, Reject, and Report financial fraud when they encounter it.
While credit unions and other financial institutions continue to improve their technology and procedures to combat fraud, the best line of defence against any type of fraud continues to be a knowledgeable end user. As more Canadians choose to manage their finances through online and mobile channels, it’s increasingly important that our members are aware of the type of scams that fraudsters use to target people through these channels.
Throughout the month of March, the Competition Bureau and its partners in the Fraud Prevention Forum, including CCUA, will participate in various activities and events to inform Canadians about the impact of fraud and how to protect themselves. Credit unions can visit the Fraud Prevention Month section on the Competition Bureau’s website here for more information and to access resources to help your staff and members fight fraud.
The Canadian Credit Union Association (CCUA) will be participating in Fraud Prevention Month through social media using the hashtag #FPM2019 and will be providing credit unions to various Fraud Prevention Month materials on CCUA’s website.
Further details on Fraud Prevention Month will be provided in next week’s Connections Newsletter.