This month’s webinar focuses on fraud prevention for seniors and the importance of fraud awareness and financial literacy for seniors. Financial literacy is more than just about understanding numbers and managing your finances. In today's digital era, it also encompasses protecting oneself from scams and frauds. If you would like to watch this webinar click here.
Our expert speaker
John Yu, is a Chartered Professional Accountant with over 30 years of dedicated service with TD Bank. He possesses a wealth of experience in banking and finance. He has also volunteered with organizations like the Canadian Bankers Association, focusing on promoting financial literacy across all age groups, from high school students to senior citizens. Through his lecture series at Ryerson University and the Fellow Life Management Institute, Yu is dedicated to financial education.
Financial fraud, the stats
John discussed the topic of financial scams targeting seniors and the ways to identify and protect oneself against them. "Financial fraud is any kind of crime that targets your money through your bank account, credit cards, or investment accounts. Think of it as a modern-day equivalent of pickpockets,” said Yu.