06 Mar, 2024
Avoiding online scams is a familiar challenge for many Canadians, but recent warnings from companies and anti-fraud experts emphasize the danger posed by fake listings on search engines. These fraudulent listings impersonate legitimate businesses, often redirecting unsuspecting consumers to counterfeit websites or providing misleading contact information.
One such victim, Reza Bacchus from Calgary, encountered this problem while searching for a Stetson cowboy hat. Despite the limited availability of these hats in Canada, he was surprised to find a Canadian website offering them. Unfortunately, it turned out to be a fake duplicate, and Bacchus lost approximately $100 USD without ever receiving the hat. Only after contacting the real Stetson company did he realize he had been scammed.
The extent of this scam's impact on Canadians is challenging to quantify, with only a small fraction of fraud cases reported. According to the RCMP, reported fraud cases accounted for $567 million in losses in 2023, though this encompasses various types of fraud. With reported fraud cases increasing by $187 million since 2021, the threat posed by scams targeting Canadian consumers and businesses remains significant. Vigilance and caution are crucial in navigating the digital landscape and avoiding falling victim to such fraudulent schemes.
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