Today (October 15) the Live 'n Learn team at DWLC arranged for a presentation on financial fraud. The event, sponsored by the Highlands North Network, was attended by 22 local residents who got a great overview of the types of financial fraud being perpetrated along with many practical methods of prevention and mitigation.
The guest speakers, Angie Ferguson for RBC Pakenham, and Laurie Selle, RBC Arnprior, both have extensive experience in dealing with issues of financial fraud. Engaging and informative, they shared many anecdotes from their own experiences, as well as some of the processes and procedures that banks are implementing in an attempt to deal with this very serious issue that affects (or has affected) many in our community. This is especially germane to this audience as, although not exclusively so, seniors are over-represented in the numbers of those defrauded by various on-line and other scams.
Angie and Laurie discussed such common frauds as the grandparent scam (where one receives a message concerning a loved one that is in trouble and needs financial help immediately), romance scams (fraudster expressing a romantic interest before asking for money), phishing scams (where the fraudster attempts to get personal, bank, or credit card info on-line), and others.
The key message was that, while the banks are doing what they can to manage fraudulent activity, ultimately the onus is on the individual to be suspicious and take prudent steps to protect their identity. This includes such basic items as using strong passwords, protecting their bank cards and PINs, and engaging with their bank, in person, whenever in doubt about a financial transaction. Most of all, trust your instincts.
Of course, as with any Live 'n Learn presentation, this was all preceded by a great luncheon spread arranged and prepared by Brenda Guinea.
Thanks to all who attended, those who helped organise, and, most of all, Angie and Laurie who took the time to visit with us and share their knowledge and experience.



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