Fraudsters are master manipulators who leverage relationships to build trust and exploit you financially. Technology makes it easy to become a victim as bad actors can, pretend to be someone you know online, or use artificial intelligence to trick you. According to data from the Canadian Anti-Fraud Centre (CAFC) 2021 Annual Report, investment scams and romance scams were the top two reported scams.
Romance Scams increasingly target individuals online. These scams start by establishing emotional trust through fake relationships, only to manipulate victims into investing in fraudulent schemes. This can lead to significant financial losses for unsuspecting victims.
You can learn more about romance and investment scams on CIRO's website, and watch an educational video about this type of fraud.
