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Call To Action
Draft write-up to initiate action in the House of Commons to bring in legislation that will do much more to protect our vulnerable and targeted seniors from being defrauded A petition to the House of Commons in April 2023 to protect seniors in particular from losing their lifetime savings and
Saving your money from fraud can mean saving your life
A very sad story but one not entirely surprising given what devastation and an absolutely life-altering event an unexpected fraud can do to wreak havoc on an innocent victim that did not see it coming. Good for LinkedIn author Tom O’Malley for sharing this post. It is just not another
Revealing media story on TD Bank’s Prairie survey on fraud prevention
Tarundeep Dhot acknowledged the Brandon Sun for doing an informative story below on a survey his bank conducted on fraud prevention in Manitoba and Saskatchewan in a LinkedIn post he did this month. More stories like this will be helpful in alerting unsuspecting victims to be careful and not be
CBS reporter almost loses his money to a phone scam
This story below highlights just how vulnerable all consumers can be even if you are familiar with the issue at hand. This CBS reporter feels very fortunate to not lose his life savings and felt it is important to warn others who may be duped by a professional scammer who
Canadians are leading targets of digital fraud worldwide
This recent survey is a wake-up call to anyone concerned about the alarming incidents of scams perpetrated on Canadian financial consumers. Leadership and action to turn this whole thing around is necessary. Is there a will to do it? Where are the results and metrics to show change is in
Consumer fraud is not just an external issue: it can be from inside the organization
In light of what happened on a grand scale over a long period of time without DOJ intervention until 2024 with TD Bank in the US, insider fraud can be part and parcel of outside attacks on consumers and the financial institutions involved if no proper surveillance or even effort
JPMorgan Chase hires a behavioral scientist to help them confront consumer fraud
It was noted in this financial consumer vulnerability blog in 2025 as part of the International Fraud Awareness Week that JPMorgan Chase was embarking on a bold and ambitious fraud prevention initiative which includes adopting a Trusted Contact Person program. It has already been implemented in Canada for Canadian Investment
TD Bank insider charged by DOJ and may serve up to 30 years in prison
This development should come as no surprise as the fox was let into the henhouse years ago when TD Bank’s U.S. operations failed to monitor millions of suspicious transactions over several years. It resulted in the US Department of Justice in 2024 levying a $3 billion fine against the major
Preventing wire fraud can be stopped with one independent phone call
One simple independent phone call as Caitlin Jacob points out below on LinkedIn can save the financial institution and the victim thousands of dollars as both are at a huge loss to proceeds of crime. The victim’s financial well-being can be devastated as is their emotional and social self-worth. This
KYC is a key to unlocking financial crime
As noted here, KYC is far more than doing a proper and well-executed onboarding interview to understand the profile of your new client or member in the case of a credit union. Are there vulnerabilities that they may be subject to, or could they in fact be one that may