Weekly Security Tip | 10/13/17

Lines of Credit are an attractive option for home owners who are looking for a low interest loan. But these popular loans have become a prime target for scammers who lure in applicants and take your hard-earned money.

In this week’s security tip video, learn about these Line of Credit scams and the signs you should look for to avoid being their next victim.

Watch the 2 minute Security Tip

[embedyt] https://www.youtube.com/watch?v=7ti5Dd1toxc[/embedyt]

by BlackBox Connections
Topic: Line of Credit Scams

Quick Tips

Be cautious when a lender, broker or loan officer asks for money upfront.

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Cybercrime is a world-wide problem, and Calgary is no exception, according to Jeremy Wittman, staff sergeant of the Calgary Police Service Cyber/Forensics Unit.

“We’re starting to see more and more of them,” said Wittman, referring to ransomware and phishing attacks, the two most commonly used by cyber thieves.

“Anybody, which is pretty much everybody today, who is connected to the internet and has some sort of customer client data or a point of sale, some of them are medical offices, some are law offices and some are retail,” Wittman said.

In an effort to combat the problem, the CPS Cyber/Forensics Unit decided to hold a free seminar for small businesses. They are especially vulnerable to attacks.

“Because a lot of these types of businesses don’t have formal IT departments, we thought it would be a good idea to reach out and give some of the information from crimes that we’re seeing reported that they may not be aware of, but with a little bit of education hopefully they can help protect themselves.”

 

[embedyt] https://www.youtube.com/watch?v=VONjf6p8wkc[/embedyt]