March is Fraud Prevention Month in Canada.Tangerine Bankwill be hosting a Twitter Party to help Canadians better understand how to deal with fraud with a focus on “phishing”. Join the “Be Fraud Smart” Twitter Party to find out how to protect yourself from fraud.
Twitter Party Details
#BeFraudSmart Twitter Party
Date: Thursday, March 23, 2017 Time: 7:00pm ET Host:@TangerineBank Guest:@KelleyKeehn If you have any fraud related questions, please direct them to @KelleyHeehn and include the hashtag #BeFraudSmart. Moderators:@ShesConnected@SimplyLindaBlog@CommonCentsMom Prizes: $500 in Mastercard Gift Cards (Prizing: for Canadians only except those in the province of Quebec) Twitter Party Newbies: If you are new to Twitter parties, then use TWUBS, the Twitter party platform. Click here to join: http://twubs.com/BeFraudSmart
No RSVP Required
About Kelly Keehn
Kelley Keehn is a financial literacy advocate who has been on a mission to “Make Canadians Feel Good About Money”.The author of 8 published books Kelley served on the National Steering Committee on Financial Literacy and is a consumer advocate for the Financial Planning Standards Council. You can learn more about Kelley at her website:KelleyKeeehn.com.
This a sponsored post by Tangerine Bank. As always opinions are my own.
If you are anything like me, the last month has been busy – and life doesn’t show signs of slowing down until after the holidays are through. When life is busy, it’s easy to be distracted and click “yes” on something you shouldn’t have and then boom! Your bank account is compromised and the holidays become even more stressful. Over half of Canadians say they plan to do all or part of their holiday shopping online this year, making them a target for ‘ishing’ scams that can compromise banking or credit cards and make them a target for identity theft. (Currently, there are three types of ‘ishing’ scams differentiated by how they are sent. Smishing is via text message, phishing via email / online notification, and vishing is via the telephone) There is no one thing you can do to completely protect yourself from these scams but there are a couple of tips from TD Bank that can help you stay ahead of the scammers.
Be Vigilant Online and at Home
Don’t respond to emails or phone calls asking for details about your banking or credit card accounts. A popular telephone scam going around right now has someone claiming to be “from your credit card provider” – no company, and they cannot tell you which card when you ask. Your actual credit card company will KNOW the details of your account, and while they often ask a question to verify your identity when you call in, it won’t be your credit card number or the Credit Card Validation (CCV) number found on the back. NEVER give these numbers out over the phone. Similarly, if you get a text message or email from a bank, be wary. No bank will ask you for account details via email or text message. If you get a suspicious message, do not reply but do save it. You can forward the message to your bank and their fraud department will look into the details.When shopping online make sure that the address in the address bar of your browser matches the store that you are shopping at – especially if you have clicked a link from an email to get to the site. Any page that is asking for payment information should have a little padlock icon and start with https:// instead of the usual http://. This indicates that you are on a secure site.
Work WITH Your Bank / Credit Card Provider
Banks like TD have Fraud Alerts in place to help protect their customers from having their card compromised. If you are a TD Canadian customer, all you need to do is add your mobile number to your account via Easyweb or in person at a branch. Once you’ve done this, if the bank detects unusual activity on your TD Access Card, they may temporarily block your account and will send you a free text message with information about the suspicious activity. A unique feature with TD’s fraud alerts is that if you recognize the activity – like you made an unusually large debit purchase yourself – you can reply to the text with a “Y” and your card will be unblocked without you having to call the bank or go into the branch to have it unblocked. If you don’t recognize the activity, you simply reply with an “N” and your card will be blocked, and you can contact your bank for the next steps to take. It is important to note that TD will never ask you to reply to a Fraud Alert text with any personal information or ask you to click on any links in your reply. If you want to learn more about this really cool feature from TD, check out their video here: https://www.tdcanadatrust.com/products-services/banking/electronic-banking/access-card/access-card.jsp#tdfraudalerts
By staying vigilant and working with your bank / credit card provider, you can stay a step ahead of the fraudsters and keep your money as safe as possible this holiday season.
This post has been sponsored by TD Bank. All opinions are my own.
Minimize your risk: The information above is provided to help you protect yourself, but it’s not foolproof: it’s a fast paced and constantly changing world so make sure you are keeping up-to-date on and monitoring security features and preventative measures to minimize your risk of fraud.
 TD does not charge any fees for TD Fraud Alerts. However, standard wireless carrier message rates may apply.
Last week I attended dinner with my friends from Interac at The Carbon Bar here in Toronto. The topic for the night was fraud prevention. Did you know it’s Fraud Prevention Month? This year is the 11th year of this annual awareness campaign. You can find lot’s of great fraud prevention talk by simply following the #FPM2015 hashtag online. Over dinner talked about payment card security and the team from Interac shared some good news as well.
Did you from fraud loss is down 88% since 2009! That is huge progress. We also talked about what Interac is doing to prevent fraud in the places you and I will never see- the dark web where organized crime makes it home. Now here is the good news, as hard as the criminals are working to defraud us of our money, there are teams in place who are working hard to ensure our security. Check out this video on why criminals are not liking them. Interac really is a leader in security, safety and fraud management. Definitely makes me think of them as superheroes.
So how safe is your bank card? How safe is your money? With the roll out of chip technology it is very safe and easy to use your card. Now with Interac Flash the contact payment functionality of Interac debit but it allows you to payfor small purchases in a way that is fast and easy. Some things to note about Interac Flash:
Interac Flash really was built with security in mind:
There is a small purchase per transaction limit ( there is a $100 transaction limit, and a cumulative of $200 then you must insert reauthorize)
PIN authentication required when limits are reached
RF(radio technology) enables smartcard technology, which is more secure then RFID (which is what is typically used for inventory management)
Card must be held mot more then 4 cm from POS terminal
Several of the big banks have the Interac Flash enabled on your bank card, with more to come on board in the near future.
As well, did you know that by the end of 2015 all POS machines must have chip technology? By having chip technology it adds a layer of security to your purchases. I can’t wait to see them in every store.
I left once again reassured that each and every time I am using my bank card, my money is safe. Now that is a great feeling. Now I wanted to leave you with some important tips when it comes to fraud prevention. In fact the #cdnmoney chat on Tuesday March 10th is all about fraud prevention, so join us as 7 pm if you can.
1. Never carry personal ID in your wallet. Your birth certificate, SIN card and passport should all be kept at home unless needed that day.
2. Shred unwanted personal documents. Do not rely on just tearing them up. Things like bank statements, tax returns, cheques, credit card statements all need to go through a shredder.
3. Check your credit report yearly. Report issues as soon as you can.
4. Never open an email that says your account information has been hacked, instead report it.
5. Be very cautious about calls, emails or mail offerings that offer a portion of a foreign dignitary’s bank account, free vacations, lottery tickets and even credit repair. 99.9% are a scheme of some sort.
6. Don’t purchase a product or service from a site without first checking them out. I often do google searches looking for complaints etc.
7. Don’t be afraid to hang up the phone, close out an email or even turn off your computer.
An important reminder if you think you have been the victim of fraud, please report it to law enforcement.