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Banks Fail to Protect Canadians from Fraud | Toronto News
Bank fraud is skyrocketing in Canada, with over 25,000 victims last year—many duped into handing over cards and info through slick scams. One student lost $14,000 after being tricked into believing her accounts were hacked, only to be told by her bank she was at fault. As banks fail to stop these thefts, they’re shifting blame onto customers—leaving victims stranded. Advocates like Democracy Watch are demanding laws that force banks to reimburse customers unless they can prove they did everything possible to prevent fraud. A chance to strengthen protections via Bill C-15 was lost when major…
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