Did you know?
In 2016, Canadians lost $40 million to online scams. With identify theft and other online security breaches on the rise, consumers need to be aware of how to protect themselves.
What is identify theft?
Identity theft is when someone uses your personal information – like your credit card, Social Insurance Number or name – without your knowledge or consent, to commit fraud. Some common ID theft scams include creating false lines of credit and making purchases using a stolen bank account or credit card.
According to the Ontario Securities Commission, your identity is at risk when:
- you enter your credit card information online on a non-secure website
- you click on an email link from what looks like a legitimate bank or online shopping service (eg. PayPal) and enter your account information
- your personal information (Social Insurance Card, credit card or bank card) are stolen
- you give out your credit card’s three-digit security code over the phone to a scammer who claims to be from your financial institution
- any time your personal information is available to others
Aviva’s Identity Theft coverage is now even better
Aviva has introduced an enhanced ID Theft coverage – offering customers even more peace of mind as they tap, swipe and click their way through life. As one of the most comprehensive on the market, it features widespread financial protection if your identity is compromised, including:
- an increased limit of $40,000 per policy term for all ID theft expense claims
- a $5,000 limit per policy term to cover any financial loss due to ID theft
- 24/7 credit bureau monitoring and two credit bureau reports for six months after an ID theft claim
- access to your own ID theft case worker to help you identify and restore your finances and personal information after an ID theft claim
Don’t let thieves get the upper hand – learn more here or contact an insurance broker to add Identity Theft coverage to your home insurance policy.