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HomeWealth ManagementNew Canadians lead in fraud prevention efforts

New Canadians lead in fraud prevention efforts

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  • 47 p.c extra more likely to repeatedly talk about monetary safety and fraud prevention inside their neighborhood.
  • 46 p.c extra seemingly to make use of a password supervisor app.
  • 16 p.c extra more likely to often replace passwords to guard their on-line accounts.

These measures are in response to the upper threat of monetary fraud that new Canadians face. The survey knowledge revealed that almost four-in-ten newcomers have fallen sufferer to at the least one monetary fraud rip-off, a price considerably larger than that for different Canadians.

This highlights the vulnerability of newcomers, regardless of their efforts to safeguard in opposition to fraud.

Each newcomers and different Canadians agree on the necessity for extra training round monetary fraud. Tammy McKinnon, senior vice chairman of world fraud administration at Scotiabank, emphasised the significance of efficient fraud prevention.

“With regards to monetary fraud, everyone seems to be a goal, significantly people who could also be in susceptible positions similar to newcomers to Canada,” McKinnon said.

She reiterated Scotiabank’s dedication to combating fraud and guaranteeing the security and safety of shoppers’ monetary info.

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