March is Fraud Prevention Month and Tammy McKinnon, Scotiabank’s Senior Vice President of Global Fraud Management is back to bring us up to speed on the latest scams and has eight simple tips for how to avoid falling victim.   

For more fraud prevention resources, check out Scotiabank’s Cybersecurity and Fraud Hub. 

For legal disclosures, please visit http://bit.ly/socialdisclaim and www.gbm.scotiabank.com/disclosures 

Key moments this episode: 

0:01 – What is ‘pig butchering’ and how did it become the most costly online scam of 2024? 

1:54 – What about demographics? Are certain groups the target of scams? 

2:21 – Breaking down the latest scams: what is quishing? 

3:39 – Ticket sales scams 

4:37 – What is ‘loyalty fraud’? 

5:31 – Fraud prevention tip #1: create a code word 

7:37 – Fraud prevention tip #2: beware of deepfakes 

10:05 – Fraud prevention tip #3: slow down 

11:46 – Fraud prevention tip #4: limit what you share on social media 

13:05 – Fraud prevention tip #5: if it sounds too good to be true, it probably is 

13:51 – Fraud prevention tip #6: always verify the people contacting you 

15:04 – Fraud prevention tip #7: monitor your accounts 

16:54 – Fraud prevention tip #8: educate yourself