Same scam. 2 countries. Why Canadians don’t get their money back: CBC's Marketplace Cheat Sheet
CBC Marketplace reports on the disparity between Canadian and British banking regulations regarding scam victim reimbursements. Additionally, the article covers a massive data breach involving over a million tips submitted to Canadian Crime Stoppers.
Why it matters
Highlights significant gaps in consumer financial protection in Canada compared to the UK and raises concerns about the security of sensitive public data.
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Bank scammer confronted by CBC Marketplace
October 23 | Duration closed caption 2:01 David Common confronts a bank scammer who lures victims by pretending to be the fraud department at their financial institution. Two people described the same financial scam to the police and their banks over the past year. The only difference was where they lived — one in Canada, the other in the U.K.
Asif Mohammed lost $7,200 this spring and never got it back. Meanwhile, Samantha Bradshaw was out £11,000 (nearly $21,000 Cdn) but her financial institution reimbursed the money within days.
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