Canadian Bankers Association

The Canadian Bankers Association is the voice of more than 60 domestic and foreign banks that help drive Canada’s economic growth and prosperity. The CBA advocates for public policies that contribute to a sound, thriving banking system to ensure Canadians can succeed in their financial goals. www.cba.ca

Since 2014, Scotiabank has worked closely with the CBA, other Canadian banks, bank regulators, law enforcement and all levels of government to share best practices and to address the growing challenges posed by cyber crime.

Our approach is to protect our customers’ accounts and financial data to ensure it is safe and secure, and Scotiabank continues to provide active leadership to improve the resiliency of the financial sector against cyber threats.

Scotiabank participates in Cybersecurity Awareness Month (CSAM) that is an international strategy by governments and businesses to raise public awareness about cyber crime, internet safety, and how individuals can protect their personal and financial information.

The sector will continue to work with the Federal Government and the new Canadian Centre for Cybersecurity to successfully implement the new National Cybersecurity Strategy with the common goal to create a safer cyber environment for Canadian citizens and businesses.

While banks have extensive security systems in place and work around the clock to protect customers from fraud and assist police in their investigations, consumers have a role to play in protecting themselves as well.

The CBA website has many articles on how to recognize online threats.

• COVID-19 Phishing Scams
• Fraudulent Canada Emergency Relief Benefit (CERB) Scams
• CBA Cyber Security Toolkit for Small Business
• Three ways to spot the social engineering tactics used by cyber criminals
• How to spot a phishing scam
• An easy way to choose a better password for your sensitive online accounts