Cyber Security Awareness Month: Top 5 social media scams

More and more Canadians are buying "Smart Devices". These items make up what has been termed the Internet of Things. From cell phones, watches and televisions to thermostats and motor vehicles, the Internet of Things provides us with instantaneous access to perform everyday functions and, most importantly, gather and share data.

Week 5 of Cyber Security Awareness Month is Smart Device Week. One of the more common uses of smart devices is connecting to social media. As a result, the Canadian Anti-Fraud Centre (CAFC) would like to remind you to be vigilant when using your smart devices for social media.

2019 top 5 frauds on social media
Fraud type Reports Victims Losses (CAD)
Romance 665 470 $13,383,500
Grant 412 139 $387,000
Merchandise 363 295 $292,300
Prize 179 66 $180,200
Job 132 68 $265,400

Note: It is estimated that less than 5% of fraud victims report their occurrences to the CAFC.

Top tips to protect yourself

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