Canadians’ fear of falling victim to fraud has been amplified by loneliness, but they are staying more vigilant, said a TD Bank survey released in March.
The survey, which included 1,001 participants, revealed that 56 per cent of Canadians felt vulnerable to financial fraud, of which 84 per cent believed that social isolation contributed to anxiety. Additionally, more than 80 per cent of respondents cited online shopping and financial hardships as reasons that exacerbated their feelings of vulnerability.
“We see a strong connection between the pandemic and the loneliness that people are experiencing,” said Aaron McAllister, associate vice-president of TD Financial Crimes and Fraud Management Group. “It’s resulting in increased romance scams, where people feel a connection to somebody remotely that they’re seeking out in a time when they may not be able to connect directly with friends and family.”
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