WealthBeing

Ep. 10 – Foiling the fraudsters


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According to Cyber Security expert, Ryan Smith, 50% of Canadians will likely be targeted by someone trying to commit fraud. It’s not always easy to detect and the fallout can be serious.This week, Ryan joins Travis and Derrick to bring you simple advice about how to recognize, prevent, and recover from fraud. 

 

1:10 –Money Problem:A phone call to Travis’ client caused panic and exposure to identity theft. 

 

1:50– Expert Examination: Ryan Smith, manager of Island Savings IT Cyber Security team,joins Derrick and Travis to reveal seemingly innocent ways we’re targeted every day – and how to foil the frausters. Listen for:  

  • prevalent and common types of financial fraud to bewareof; 
  • how to recognize fraud and “human hacking”(social engineering); 
  • why you could be targeted – and why you should care; 
  • simple habits to protect your identity and financial health; 
  • recovering from a financial fraud attack; 
  • looking out for vulnerable family members; 
  • your financial institution is on your side. 

 

22:50– Weekly Financial Fix:take a minute to secure your online credentials. Travis recommends a service to help you stay safe. 

 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at [email protected], and we will consider it for a future episode. 

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WealthBeingBy Island Savings - Valley First - Envision Financial - Enderby & District Financial | Divisions of First West Credit Union