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Stay safe online - combat rising fraud in Canada

Oct 08, 2024
By Farms.com

Simple steps to strengthen your online security

 

The prevalence of online fraud in Canada has surged as more individuals engage in digital transactions and communications.

An Interac cybersecurity survey highlights that 86% of Canadians are weary of constant fraud attempts, with more than half facing scams weekly. Fraudsters are becoming increasingly sophisticated, often using personal information to masquerade as trusted contacts.

To combat these threats, Canadians must adopt proactive digital hygiene measures. Interac has outlined a three-step digital health checkup that should be conducted every three months to assess and enhance online security.

Diagnosis: Begin by evaluating your online accounts. Ensure passwords are strong, unique, and not reused across different sites. Review your social media privacy settings to control what personal information is publicly visible. Check your devices for necessary data protection.

Remedy: After identifying weaknesses, take swift action. Create robust passwords that incorporate letters, numbers, and symbols. Eliminate duplicated passwords across accounts.

Set social media accounts to private, and be cautious about sharing personal details online. Install antivirus software on all devices and enable biometric security features for added protection.

Prevention: Strengthen your security by implementing additional safeguards. Use a password for device access and activate two-factor authentication on all accounts, especially banking apps. Secure your home network by changing default usernames and passwords for your Wi-Fi router. Refrain from using public Wi-Fi for sensitive activities.

By integrating these digital hygiene practices into their online routines, Canadians can better safeguard themselves against the increasing risks of online fraud. Being proactive and informed is key to ensuring personal and financial safety in a digital world.


Trending Video

Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?

Video: Will the 2025 USDA December Crop Report Be a Market Mover/Surprise?


Historically, the USDA December crop report is a non-event or another dud report as the USDA reserves any final supply changes to the final report in January of the following year in this case 2026. But after the longest U.S. government shutdown in history at 43 days and no October crop report will they provide more data/surprise and make an exception?
Our China U.S. soybean purchase tracker is now at 26.6% or a total of 3.2 mmt but for traders it’s taking too long to unfold.
The final Stats Canada production report was bearish canola and wheat projection a record crop in both (it adds to the global glut of supplies) and bullish local corn and soybean prices in Ontario/Quebec thanks to a drought. It will not help the fund flow short-term, the USDA may need to offset it?
A U.S. Fed interest rate cut of another 25-basis point next Wednesday (probability 87.1%) could help fund flow and sentiment in stock and ag commodities into year end.
More inflows into Bitcoin this past week saw prices rebound back above 90,000 with support at 82,000 and resistance at 96,000.
A V-shaped bottom in cattle suggest the lows are in after Mexico reported another new world screwworm case. Lower weights, seasonal demand and higher U.S. beef select/choice values with a continued closure of the Mexican border to cattle will result in a resumption of higher cattle futures into yearend.
Australia is expected to produce its 3rd largest wheat crop ever at 36 mmt adding to the global glut of supplies.
Reports of ASF in hogs in Spain the largest pork exporter in Europe could see the U.S. win more pork export business long-term.
If the rains verify into next week of 3-5 inches for Brazil it would go a long way to fixing the dry regions from the last 2-months, but the European weather model has been wrong for the past 2-months!
Natural gas futures are surging to the 3rd price count as frigid hold temps set in.
CDN $ is also surging to end the week on a very resilient economy and better employment numbers suggesting no interest rate cuts next week.
Finally, the CFTC report showed funds were net buyers of soybeans but sellers of corn, canola and wheat. In real time the funds have gone back to selling as they take some profits.