How to Protect Yourself from Fraud
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Fraud can take many forms, but one of the most common forms is insurance fraud. Some common examples of insurance fraud include the following:
- Individuals who fabricate insurance claims;
- Auto repair shops who exaggerate the cost of claims;
- Medical clinics that ask claimants to sign blank accident benefit forms and invoice insurers for services never provided;
- Health care clinics that offer unnecessary treatments; and/or
- Drivers who intentionally cause collisions.
There are also many scams targeting Canadians and new ones are being invented every day. Scams can come in different forms – text messages, emails, telephone calls and more. We encourage you to check the Canadian Anti-Fraud Centre’s website for a list of common scams.
What to do if you suspect fraud
If you suspect you have been a victim of insurance fraud, or if you have witnessed potential fraud, please contact us at firstname.lastname@example.org.
In addition, the Insurance Bureau of Canada (IBC) issues fraud alerts to inform consumers about insurance scams. Fake policies and non-existent insurance companies can put you and your insured property at risk. If you suspect fraud, you can also contact the IBC TIPS Line at 1-877-IBC-TIPS or the Canadian Anti-Fraud Centre at 1-888-495-8501. Click here for more information.
Current consumer alerts
Fraudulent letters and cheques bearing the name and logo of Canadian financial institutions are being sent to consumers as part of a mystery shopper assignment.
The scam typically involves asking the recipient to deposit a cheque, keep $400 in their account as payment and wire a sum of money to another person’s account. However, the cheque will not clear and the recipient will not be able to recover the sum transferred.
Please note that BrokerLink does not send out letters or cheques to consumers for such programs.
If you have questions regarding the authenticity of any correspondence or cheques sent by BrokerLink, please contact your broker or email us at email@example.com.
If you have received such a letter and cheque, please report it to your local police department and send a copy of your police report to BrokerLink at firstname.lastname@example.org.
If you make payments online, here are a few tips to bear in mind:
- Protect your credit cards and your Personal Identification Number (PIN). Do not share your PIN with anyone.
- Do not provide your credit card number over the telephone unless you initiated the call yourself or have validated who you’re talking to within the company.
- Check your account statements as soon as they arrive to ensure all transactions and charges are correct. Report any discrepancies
- Always adopt good online practices such as clearing your browser history and be cautious. Check out any caller by requesting written information, a call back number and references.
The Canadian Anti-Fraud Centre offers tips on how you can protect yourself.