Ep 550 - “We’re all F**ked”

Guest: Pamela McDonald

By Stuart McNish

“British Columbians and Canadians are losing billions to online investment fraud,” says Pamela McDonald of the British Columbia Securities Commission. The perpetrator of the fraud is artificial intelligence and it’s happening online. McDonald says, “These fraudsters hide behind layers of technology and we can’t get to them. It’s offshore organized crime.”

To make matters worse, McDonald says, “the traditional enforcement tools of investigating, prosecuting and sanctioning don’t work in this environment – for us or for other law enforcement agencies.” That means as an online investor  you’re on your own. The BC Securities Commission says that “self awareness, diligence and education are powerful defensive tools.” 

The Securities Commission has taken an edgy, bold, and “out there” public awareness campaign to draw attention to a problem that AI investment scams are creating. The Securities Commission has created a music video to raise awareness about the online scams it says are “creating  massive social harm.” You can see the video online, titled”‘We are all F**ked.”

We invited Pamela McDonald to join us for a Conversation That Matters about the AI threats online investors are being bombarded with and what they can do to defend themselves.

You can see the interview here https://www.conversationsthatmatter.ca/

Learn More about our guests career at careersthatmatter.ca