The scam industry is big business in Canada. How big? Although an exact figure is impossible to nail down, the total losses exceed billions of dollars every year.
Headlines coming out of Asia this week shed some light on who is making some of these fraudulent phone calls.
A crackdown on so-called scam centres in Myanmar, Cambodia and Laos has freed thousands of people who were lured into virtual slavery — put to work financially exploiting people around the world through false romances, bogus investment pitches and illegal gambling schemes.
VIDEO: The scam industry in Canada is worth billions
Jeff Horncastle of the Canadian Anti-Fraud Centre has seen firsthand how those calls target people close to home.
A recent guest on our Inside the Village podcast, Horncastle explained why the scam industry is skyrocketing, how fraudsters are using generative AI to their advantage, and what you can do to protect yourself.
You can watch the full episode HERE.
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