Whoa! Canadians between the ages of 19 and 35 now account for a whopping 50% of the more than $10 billion annually defrauded through online scams, according to data complied by Equifax Canada and the Canadian Anti-Fraud Centre.
The reason? Whether it’s online banking or tapping into a free Wi-Fi hot spot, “millennials rely heavily on technology for most of their day-to-day activities, which exposes them to more risk,” says John Russo, Equifax Canada’s Chief Privacy Officer. Follow these tips to protect your private data from phishing and other forms of internet account theft.
How to avoid online scams
Be less social
Don’t overshare personal information (like your home or email address) on social networks
Only enter your credit card number on secure web pages with “https” in the address bar and a padlock symbol at the bottom of the browser window
Use strong passwords
A complicated mixture of letters, numbers and special characters will keep your personal information safe. Change it regularly
Check your credit report
Anyone can order it free from Equifax or TransUnion