Let’s keep it real fraud is on the rise, and the scams are getting sneakier by the day. A recent survey found that 43% of Canadians have experienced a scam, and identity fraud now makes up 75% of all fraudulent applications. That’s not just troubling it’s a wake-up call.
At the Black Manitobans Chamber of Commerce, we believe in empowering our community with knowledge and tools to thrive — and that includes knowing how to protect your money and identity in a fast-changing digital world.
The good news? You don’t need to be a tech genius to protect yourself. A few smart habits and a little awareness can go a long way.
Top Tips for Protecting Yourself from Identity Theft
You are your best line of defense. Technology helps, but simple, everyday actions make the biggest impact.
- Protect your card and PIN
Be discreet when entering your PIN and keep your debit/credit cards stored safely. Hold onto your receipts to track purchases. - Keep an eye on your accounts
Use online or mobile banking to check in on your accounts regularly. If something looks off, report it immediately. - Be cautious with e-Transfers
When sending money, especially to someone who doesn’t have auto-deposit set up, choose a strong, unique security question and answer. - Limit sharing of sensitive info
Avoid giving out your SIN, date of birth, or credit card numbers unless it’s absolutely necessary — and only to trusted, verified sources. - Watch for phishing and smishing
Never click on links in suspicious emails or texts. Legitimate companies won’t ask for sensitive info out of the blue. - Use strong, unique passwords
Don’t reuse passwords. Consider using a password manager to keep track of complex, secure logins.
Stay Sharp on the Phone
Fraudsters are skilled at pretending to be from official organizations — here’s how to protect yourself:
- Verify who you’re talking to
If someone calls claiming to be from your bank or the government, don’t give personal details right away. Hang up and call the official number. - Watch for payment demands
No legit company or agency will pressure you to pay immediately over the phone for a service you never agreed to. - Look out for fake insurers
If someone offers suspiciously cheap coverage, verify their credentials through the Insurance Bureau of Canada.
Upgrade Your Digital Security
Use simple tech tools to boost your protection:
- Turn on two-step verification
It adds a second layer of security when logging into accounts. - Use tap-to-pay or digital wallets
Services like Apple Pay™, Google Wallet™, or Samsung Pay™ reduce the risk of physical card theft. - Protect sensitive documents
Use encryption and secure platforms to share important files. - Be cautious on public Wi-Fi
Avoid logging into sensitive accounts on public networks. Always log out when finished. - Install antivirus software
Trusted security programs help block malware and alert you to suspicious activity. - Let AI help
Many banks and insurers now use AI to detect fraud faster, making it easier to stop scams before they escalate.
Do You Need Identity Theft Insurance?
Even if you’re cautious, fraud can still happen. Identity Theft Recovery insurance gives you:
- Expert help with restoring your credit and navigating legal challenges
- Coverage for recovery costs like legal fees, mailing expenses, and long-distance charges
- Support for lost income if you need time off work to handle the recovery
It’s a small investment that can save you thousands.
Signs You May Be a Victim of Identity Theft
Stay alert for these red flags:
- Fraud alerts or unusual charges on your bank accounts
- Loan or credit applications you never submitted
- Missing mail or credit card statements
- A stolen card or lost chequebook
- A name you don’t recognize appears on your account
What to Do If You Suspect Fraud
If you think you’ve been targeted:
- Document everything – Save emails, texts, phone numbers, and any other communication.
- Report the incident – Contact your local police and file a report.
- Reach out to the CAFC – Call the Canadian Anti-Fraud Centre at 1-888-495-8501 or file online.
- Notify your bank and credit bureaus – Request a fraud alert with Equifax Canada and TransUnion Canada.
- Alert relevant websites – If the fraud happened through a site or social media, report it there too.
Call Service Canada – If your SIN is compromised, call 1-866-274-2267.
Final Word from BMCC
Fraud can happen to anyone — regardless of age, tech-savviness, or background. At BMCC, we’re committed to educating and equipping our community to stay financially safe and resilient. Whether you’re protecting your personal finances or running a business, staying informed is your first line of defense.
Let’s protect each other — and our future — by staying aware, connected, and proactive.
Phone: +1-888-973-8403
Email: info@bmbcc.ca
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