Counterfeit products and fake reviews: You log on to your favourite social media website and notice a post from a business offering various brand name items at a bargain price. Several users have commented on the post, praising the authenticity and great prices of the usually expensive items being offered.Given the fact that the advertisement is posted on a trusted social media site and endorsed by seemingly legitimate users, the website must be a great find.

Fact: Recent statistics from the Canadian Anti-Fraud Centre (CAFC) show that Canadians lost $379 million to scams and fraud in 2021.