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Ontario Needs to Take Pharmacy Fraud Seriously

Pharmacy fraud is a bitter reality in Ontario same as other types of fraud that have proliferated over the years. And with health-related fraud cases on the rise causing a huge loss in taxpayer money, shouldn’t it be time for the proper authorities to act promptly?

A recent report shared that the Ministry of Health and Long-Term Care was able to recover around $5 million per annum from its pharmacy inspections, bringing to light how much more we’re losing to pharmacy fraud. In fact, estimates place it at more than $100 million a year!

Top 2018 Cyber Security Predictions You Should Know About Part 2

We recently talked about our Top 2018 Cyber Security Predictions and here is the second and last part to this series. Cyber security threats are on the rise and it won’t hurt to be as well-informed as possible to keep your business and private accounts safe. Here are more internet security predictions you should keep a watchful eye on this year.

Top 2018 Cyber Security Predictions You Should Know About Part 1

2018 is already in full swing, but are you aware of the possible new threats in cyber security that’s lurking the web? We only have predictions and of course we hope that very little of the following would be true and that we’ll have a safer year as far as cyber security is concerned – but that remains just a hope. It pays to be prepared to face cyber threats to avoid cyber security mishaps to begin with.

2017 Round Up of Fraud in Canada

Although Canada has quite a positive image compared to nearby countries south of the border, it still got infiltrated by not so good entities and those who have less than honourable intentions as evidenced by numerous fraud articles we featured the past year.

Toronto Man Earns 5 Years in Prison for Claiming $1M in Fraudulent Tax Refunds

A man from Toronto was recently sentenced to a 5-year prison stay for claiming about $1 million in fake tax refunds.

According from the CRA, Toronto resident Alexander Wiafe filed 8 quarterly GST/HST returns and claimed refunds for expenses that were fraudulent or fictitious. He fraudulently claimed almost $1 million worth of Goods and Services Tax and Harmonized Sales Tax refunds for about a year.

Auto Insurance System Reform Being Pushed by Ontario to Slash Rates and Fight Fraud

Ontario is looking into ways to push for changes in the auto insurance industry to help try to combat fraud and eventually reduce premiums. This is in view of the reported cost of auto insurance fraud totaling to an estimated $1.6 billion a year as shared by Finance Minister Charles Sousa. He said it is now time to put a stop to the fraud, a move that may create new challenges for real crash victims.

Fraudulent CRA Phishing Scams Now Used for Identity Theft

Thousands of Canadians have fallen victim to scammers who pretend that they are from the CRA. Unsuspecting victims are usually contacted with threatening texts, emails, or calls telling them that a recent audit has uncovered that they owe a substantial amount to the Canada Revenue Agency. The CRA has been used as a front by fraudsters in the past as well.