Canadians lost a record-breaking $638 million to fraud in 2024 – and the criminals behind these attacks are getting smarter. They’re no longer sending poorly worded emails. Today’s fraudsters use AI-powered deepfake audio to impersonate your loved ones, sophisticated phishing that mimics bank alerts, and stolen data from the dark web to open accounts in your name.
In an in-depth conversation on RBC’s Matters Beyond Wealth podcast, Sigma Loyalty Group’s VP of Customer Success Christian Rivest pulls back the curtain on the evolving cyber threat landscape and shares practical steps every Canadian should take to protect themselves.
What you’ll learn:
The surprising truth about who’s most vulnerable. Think younger Canadians are too tech-savvy to fall for scams? They actually reported the highest losses in 2024.
Why your email password may matter more than your banking password. If fraudsters access your email, they can reset passwords for every account you own.
The hidden cost of identity theft. Beyond the financial damage, victims describe feeling anxious with every new email and bank notification, losing trust in institutions and living in fear it will happen again.
How stolen data lives forever on the dark web. Criminals can buy your information today and sit on it for years before striking – which is why ongoing monitoring is critical.
The good news? There are concrete steps you can take right now to protect yourself and, if the worst happens, you don’t have to navigate recovery alone.
Listen to the full episode on the RBC Matters Beyond Wealth website or wherever you get your podcasts.
