Vacationers need to be aware of online rental scams, experts warn
As more people get vaccinated and some restrictions are lifted, travellers may be tempted to take a vacation this summer, but experts are warning people to be careful as online rental scams are increasing.
If you're thinking of a last-minute cottage rental, just be aware that online rental scams have increased by 15 per cent during the pandemic according to the Canadian Anti-Fraud Centre (CAFC).
Rental scams were a huge problem last summer as many people vacationed within the province.
The CAFC said fraudsters were able to steal funds from 386 victims totalling $586,424 in losses in 2020. This is only the amount reported to CAFC so it’s likely losses are much higher.
If you're planning a vacation, cyber security experts say beware of online rental scams.
“Unfortunately cyber criminals and scammers are very aware that people want to get away to lakes and rural parts of the country," said Tony Anscombe, chief security expert with ESET.
Anscombe said that to avoid vacation rental scams only use reputable booking sites and don’t communicate off the rental platform.
He said don’t pay with a wire transfer or e-transfer and beware if there is pressure to pay quickly.
“If someone is offering a vacation rental through social media and they are demanding you pay in cash or with a wire transfer I wouldn't trust it," Anscombe said.
Online fraud has increased during the pandemic and a new survey by TransUnion found that when it came digital fraud attempts, financial services fraud increased 217 per cent and travel and leisure fraud increased by 49 per cent.
“The rate of attempted fraud is not just financial services, it's across different vectors," said Anne-Marie Kelly with TransUnion.
TransUnion said consumers need to be vigilant to protect their private information and to make sure they don't click on suspicious links in texts, e-mails or adds.
“I think the fraudsters are very aware of some of the vulnerabilities that they can tap into," Kelly said.
Following a rash of vacation rentals scams last year, the Ontario Provincial Police issued a warning saying renters should only deal with the owner of the cottage or a reputable rental service and to try and view the cottage in person before putting down a deposit.
CTVNews.ca Top Stories
BREAKING Nine suspects arrested in $24M gold heist at Toronto Pearson International Airport: Peel police
Nine people have been arrested in connection with the gold heist at Pearson International Airport last year, Peel Regional Police said Wednesday.
Some of the winners and losers in the 2024 federal budget
With a variety of fiscal and policy measures announced in the federal budget, winners include small businesses and fintech companies while losers include the tobacco industry and Canadian pension funds.
Gas prices across Ontario expected to climb to levels not seen since 2022, analyst says
Ontario is going to see a big jump at the pumps later this week as gas prices in the province hit levels not seen in nearly two years, according to one industry analyst.
Canada is expected to win 22 medals at the Paris Olympics
Canada is expected to win a total of 22 medals, including six gold, at the Paris Summer Olympics, which open on July 26.
500 Newfoundlanders wound up on the same cruise and it turned into a rocking kitchen party
A Celebrity Apex cruise to the Caribbean this month turned into a rocking Newfoundland kitchen party when hundreds of people from Canada's easternmost province happened to be booked on the same ship.
Liberals must now sell a budget they say will help younger Canadians catch up
It's now up to the federal Liberal government to sell a spending plan it says will help younger Canadians catch up to their elders.
Father of boy accused of stabbing 2 Australian clerics saw no signs of extremism, Muslim leader says
The father of a boy accused of stabbing two Christian clerics in Australia saw no signs of his son’s extremism, a Muslim community leader said on Wednesday as police began arresting suspected rioters who besieged a Sydney church demanding revenge.
Ontario woman out $30K after investing in mortgage company accused of being unlicensed
An Ontario nurse is fighting to recover tens of thousands of dollars in savings she invested in a mortgage company that has since been accused of operating without a licence.
Young New Brunswick songwriter makes appearance on 'The Kelly Clarkson Show'
Eight-year-old songwriter Zuri Hamilton from Miramichi, N.B., got to show off her talent on 'The Kelly Clarkson Show' on Monday.