Need a Source? Online fraud accounts for 41 per cent of all funds lost to fraud

Education during March's fraud prevention month is key to safeguarding Canadians

TORONTO, Feb. 28 /CNW/ - Online fraud continues to rob Canadians of hard-earned income.  As much as 41 cents of every dollar lost to fraud is a result of online scams such as phishing emails and spoof websitesi. With 80 per cent of Canadians over 16 years of age onlineii, consumer education regarding cybercrime and fraud prevention is extremely important. 

Ahead of fraud prevention month in March, Nicky Mezo of PayPal Canada is available for interviews and can provide tips on:

  • How to recognize types of online scams such as phishing emails and spoof websites.
  • Tips for how Canadian consumers can best protect themselves against identity theft and fraud online.
  • An understanding of some of the protections that exist to keep consumers safe when shopping and sending money over the Internet.

PayPal's fraud models and verification techniques are recognized as some of the strongest in the industry and, because PayPal never shares users' financial information, security and privacy are built into the service. Canadians make an online transaction with PayPal once every second, and with over four million active accounts in Canada, PayPal is a leader in the Canadian e-commerce space.

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iAnti-Fraud Centre. "Canadian Anti-Fraud Centre Criminal Intelligence Analytical Unit Quarterly Statistical Report (April - June 2010)" June, 2010
http://www.antifraudcentre-centreantifraude.ca/english/statistics_statistics.html

iiStatistics Canada. "The Daily: Canadian Internet Use Survey Results." May 8, 2010. http://www.statcan.gc.ca/daily-quotidien/100510/dq100510a-eng.htm


SOURCE PayPal Canada

For further information:

or to arrange an interview, please contact:

Carla Maggiotto/Kieran Lawler
Media Profile
416-504-8464
carla.maggiotto@mediaprofile.com  / kieran.lawler@mediaprofile.com

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