Canadians are taking steps to protect themselves against fraud, according to a survey by the Chartered Professional Accountants of Canada.

The group’s annual look at this issue found:

  • 72% of Canadians shred their banking and credit card statements;
  • 68% are very uncomfortable giving out personal or financial information through email;
  • 61% are very uncomfortable giving out this information on the phone;
  • 59% cover the keypad when entering their PIN number at a retailer or a bank machine;
  • 56% are very uncomfortable logging in to their banking or investment website using a public Wifi network;
  • 51% notify their bank and credit card company when they travel abroad.

The survey also reveals that, despite these efforts:

  • 29% of respondents report being victims of some form of financial fraud
  • 43% know someone who has been a fraud victim

The most common types of fraud reported by victims surveyed were credit and debit card fraud.

The CPAC is an umbrella group for the Canadian accounting profession. Reprinted from the Toronto Star.

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