Banks in Canada are working around the clock on the prevention and detection of fraud and cyber security threats and work closely with each other and with bank regulators, law enforcement and all levels of government to protect the financial system and their customers from financial crimes.

There are also simple steps you can take to recognize scams and protect yourself. With a fraud prevention checklist and tips on how to spot the grandparent scam, the romance scam and phishing, the CBA’s Fraud Prevention Toolkit can help older adults protect against financial crime.

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Protect yourself from financial fraud with the CBA’s Fraud Prevention Toolkit for Older Adults cyber security,fraud,fraud prevention toolkits,scams,seniors,Your Money Seniors

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Romance scams are among the most common scams according to the Canadian Anti‑Fraud Centre, costing Canadians more than $50.3 million in losses in 2023.

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