Protecting yourself from fraud in the digital world

cartoon internet fraud concept on the blue background
Ryan Smith, IT Cyber Security Analyst at Envision Financial, a division of First West Credit Union, shares some tips to avoid fraud online.

Ryan Smith, IT Cyber Security Analyst at Envision Financial, a division of First West Credit Union, shares some tips to avoid fraud online.

Sign up for alerts
Most financial institutions have an alert system you can sign up for that can help protect you against potential fraud on your account. Alerts allow you to receive notifications through email and/or text regarding suspicious banking activity in your account.

Mix up your passwords and pins
Research shows that over 80 per cent of internet users still reuse the same password across multiple websites, including their online banking pins. Create a variety of complex passwords for your online accounts, especially for websites that may contain confidential information. If you’re feeling overwhelmed by the number of passwords you have, you may want to look into a secure password management tool such as Last Pass or 1Password.

Think before you click
If you’re unsure of the authenticity of an email, delete it. Financial institutions have clear guidelines about information they request by phone or email and will never send unsolicited emails asking for personal information or online banking credentials. If you’re unsure, visit Canada’s Anti-Fraud Centre to learn about trending scams.

Don’t forget your mobile device
It’s common to protect your personal computers at home with anti-virus software, but we tend to forget about our mobile devices. Download a reputable anti-virus software through your respective application store (The App Store or Google Play) to ensure you’re protected.

During the month of March, Envision Financial experts provided information, tips and advice relating to fraud prevention and identity theft. You can find them below:

Safeguard against identity theft

Know the signs of the CRA scam

You’ve had your identity stolen, now what?