As two thirds struggle to spot scams, Interac equips Canadians with the 1-2 punch to fight fraud

Press Release from Interac

New Fraud Fighters initiative leverages boxing fundamentals to empower Canadians to defend themselves from financial scams

TORONTO, March 26, 2024 /CNW/ - It's time to get your defences up. As Canada's tech-celeration offers more opportunities for fraudsters to strike, a recent survey by Interac Corp. (Interac) revealed that over nine in 10 Canadians (91 per cent) have experienced digital fraud attempts in just the past six months. Despite nearly seven in 10 (69 per cent) Canadians believing they are familiar with the signs of fraud, only 36 per cent of respondents find scam attempts easy to spot. With this challenge in mind, Interac is stepping into the ring with Fraud Fighters, a fresh approach to fraud education.

As fraud has become more complex and its indicators less obvious, awareness and education can often be the first line of defence for Canadians to stay vigilant in combatting fraud tactics and attempts. Leaning into the concept of boxing as a foundation for self-defence, Interac will be hosting a limited number of complimentary Fraud Fighters classes in Toronto that blend traditional boxing moves with fraud fighting tips, led by expert boxing and self-defence instructors and co-hosted by Reni, The Resource. Not only can boxing help boost self-confidence, a study has shown that even a single workout has been proven to help information recall – a pairing that can be helpful to Canadians in the fight against fraud.

"While the tech-celeration has made Canadians a more frequent target of fraud, ongoing education and awareness can help individuals identify fraud with speed and agility and outsmart fraudsters," said Joanna Schoneveld, Fraud Management Leader at Interac. "The curated Fraud Fighters experience will help participants sharpen their awareness, build their endurance and boost their self-confidence – all of which build an important foundation to help Canadians combat even the newest forms of fraud."

Companies Mentioned in this Press Release:
Business Categories Mentioned in this Press Release: