March is Fraud Prevention Month in Canada. In cooperation with the Government of Canada, the Canadian Anti-Fraud Centre, and many other organizations, we at The Benefits Trust do what we can to raise awareness throughout the month and beyond.
Fraud is a serious issue in Canada and worldwide. The Benefits Trust strongly believes in fraud prevention – whether it is healthcare fraud, benefits fraud, occupational fraud, identity theft, credit card fraud, and the list goes on. Prevention starts with awareness of what types of fraud are out there. Then you can get more information about how you can protect yourself or your business from them.
Unfortunately, most Canadians have been or will be the target of fraud. Just think of all those untrustworthy emails you receive regularly asking for your banking information or passwords. Those are only the tip of the iceberg when it comes to fraud and scams.
As the world’s largest international anti-fraud organization, The Association of Certified Fraud Examiners (ACFE) focuses on providing valuable fraud training and education to people around the world.
The fraud experts at ACFE have provided a list of their top fraud predictions for 2015, which have an impact on us all as we try to prevent and report any fraud we encounter.
ACFE’s Top 7 Fraud Predictions for 2015
- 1. Technology will increase the sophistication of fraud schemes.
- 2. Technology and data analytics will help catch fraud.
- 3. Improving information security will be a major priority for everyone (large organizations, small businesses, individuals, etc.).
- 4. Digital currencies (e.g. bitcoin) will change what types of fraud are possible for 5. retailers and consumers.
- 6. More people will report fraud as protections for whistleblowers increase.
- 7. Financial statement fraud will re-emerge.
- 8. Credit card security features will continue to evolve.
Fraud Prevention Resources
- Competition Bureau of Canada – Fraud Prevention Resources:Here you can find great information for Canadians about how to recognize and report fraud. They also offer a Fraud Quiz to test your fraud awareness.
- The Little Black Book of Scams:This resource is provided by The Competition Bureau of Canada and provides essential information about the most common fraud schemes.
- The Association of Certified Fraud Examiners – Fraud Resources:As the world’s largest anti-fraud organization, ACFE offers a vast amount of anti-fraud information on their website.
- Our Previous International Fraud Awareness Week Blog: This blog discusses common occupational fraud schemes.
- Our Previous Fraud Prevention Month Blog: This blog includes some important fraud prevention tips for benefits plan members. Take a look!
- The Canadian Health Care Anti-fraud Association (CHCAA):Learn about healthcare fraud and how to report it.
If you would like to participate in the conversation on Twitter with the CHCAA during March, use the hashtags #hcfraudaware, #FPM2015, or mention @joel_CHCAA.
More about Fraud from The Benefits Trust:
- Can Benefits Plan Design Reduce Fraud?
- The Little Black Book Of Scams
- How to Eradicate Benefits Fraud and Add to Your Bottom Line
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