In this episode of Canadian Investing in the US, Glen speaks with security-awareness expert Robert Siciliano about the growing threat of scams, identity theft, wire fraud, and social engineering—especially for Canadians investing remotely in U.S. real estate. Robert explains that modern scammers operate like sophisticated businesses and often rely less on hacking technology than on manipulating human behaviour. He introduces the concept of becoming a “strategic human firewall” and shares his AAA protocol: Analyze, Authenticate, Act. Investors should recognize manufactured urgency, independently verify who they are communicating with, and never rely on phone numbers, email addresses, links, or wiring instructions contained in an unexpected message.
The conversation becomes especially relevant to real estate investors when Robert explains why criminals target email accounts and how compromised or spoofed communications can be used to impersonate title companies, attorneys, lenders, buyers, and sellers. He shares a sophisticated scam in which criminals impersonated Google Security, triggered legitimate Google emails and text messages, and nearly convinced him to authorize access to his own account. Robert recommends using unique passwords for every account, a password manager, and two-factor authentication on all critical financial and email accounts. The takeaway for investors is simple: when money, account access, or wiring instructions are involved, slow the process down and independently verify everything before acting.