Active Scams

Scam Alert - Misleading Binary Options Websites

February 2017

The Financial and Consumer Affairs Authority (FCAA) is urging consumers not to use binary options website that are not registered in Saskatchewan, as a high number of unregistered binary option companies have been found to be fraudulent. Currently there are no websites or online trading platforms registered or authorized to sell binary options in Canada. 

For more information on the binary options scam visit FCAA - Government of Saskatchewan.

October is Cyber Security Awareness Month

October 2016

Take the time this month to review your online safety practices. Cyber security matters to everyone, every day. You can do your part to make cyber space safer by taking these 10 simple steps.

 

Interac e-Transfer Scam

August 2016

Fraudulent account activity has risen recently, most notably through an increase in phishing attempts using the Interac e-Transfer service. If you receive an email for an Interac e-Transfer that seems suspicious or unexpected, check with the sender in a different medium (in person, through a phone call) to validate it.  If it’s not legitimate forward the email to phishing@interac.ca

For more information, visit Interac - Fraud Update.

 

 

New Scam Circulating in Saskatchewan

March 2016

In the newest scam to hit Saskatchewan residents, criminals are portraying themselves to be legitimate employees of the Canada Revenue Agency. 

The criminals will threaten arrest or jail time should you not take immediate action and provide money  or personal  information such as a social insurance number, credit card number, bank account number or passport number.  

Do not release any information to them and simply hang up the phone.

For more information on this scam, visit Canada Revenue Agency - Protect Yourself Against Fraud.

 

Scam Targets SaskPower Customers

September 2015

In newest scam to hit Saskatchewan residents, fraudsters are targeting SaskPower customers and asking for credit card information.  

If you receive a call from someone claiming to be a SaskPower employee who is requesting credit card information, it's best to hang up.  SaskPower says they will never call customers asking for credit card numbers, and if in doubt about who is calling customers should hang up and call the company directly.

For more information on this scam, visit CBC's website.

 

Cramming – New Scam Targets Cell Phone Users

Excerpt from the Better Business Bureau SK – February 26, 2015

The Better Business Bureau is warning cell phone users about a new scam emerging in the marketplace that can result in unauthorized charges appearing on their monthly wireless statement. 

Consumers across Saskatchewan report getting calls on their mobile phones during which the caller hangs up.  When cell phone owners call back, they are connected to a paid international adult entertainment service, chat line, or other alleged call centre service located outside the country.  Victims are subsequently billed not only for the incoming international call if they answer, but also the unwanted “premium service” which typically appears as a $19.95 charge in their next cell phone bill.  In many cases, crammers may only put a small charge of a few dollars, so as not to arouse suspicion; however as the crammers gain sophistication and expertise the magnitude of charges and the numbers of victims are expected to grow.  

The practice of third parties placing unauthorized charges on wireless accounts is called “cramming.” Cramming as a fraudulent act is not new with incidents reported over the past several years, however the frequency with which it is occurring has jumped in the last few months.  The area codes that most commonly appear on the caller ID often originate from the Dominican Republic (809), Jamaica (876), British Virgin Islands (284) and Grenada (473). 

Most recently a consumer reported that he received such a call from area code (306) and prefix 526 which is a designated cell phone prefix in the Saskatchewan market.  When the number was called back his return call was blocked by the auto-call back feature on his cell phone which notified him that the call was to an international long distance destination. 

The use of technology to mask the true identity of a caller on your caller ID program is known as “spoofing” and has been around for years.  The mixing of “spoofing” with “cramming” elevates the interest a victim may have in returning the call due to familiarity with the area code, and broadens the potential number of cell phone users that might be victimized. 

Better Business Bureau recommends that if you don’t recognize any telephone number on your caller ID on your smart phone or your more traditional ground line, ignore it.  If you do answer, do not call back.  Legitimate callers will leave messages identifying themselves.  Check your wireless bills carefully and immediately inform your carrier if you spot any unauthorized charges.

 

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