Over 201,000 Canadians reported being victims of identity theft in 2023.¹

Fraud can happen to anyone, at any stage of your life. Following these common best practices could help keep your identity safe and avoid identity theft.

• Never give out personal or financial information over the phone or in an email
• Use anti-spyware software on your computer
• Properly shred personal and financial documents
• Consistently review your financial statements and immediately report any inaccuracies
• Request & review a copy of your credit report from each of the credit bureaus
• Become familiar with privacy settings on all social media accounts
• Become a Member to gain access to a more comprehensive list of identity theft best practices

Monitoring programs are facilitated by the Credit Bureaus and are simply flagging programs. These programs do little to assist victims in the event of a bonafide breach.

Increasingly, institutions are offering optionally purchased identity theft coverage, however these policies/programs are for the most part, reimbursement-based. Due to the reimbursement nature of the benefits, the victim remains largely responsible for self-navigation through the restoration process. The average victim can spend up to several hundred hours completing the restoration process, all of which can be eliminated when you are in the hands of dragonfly id.
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