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Feel free to send us feedback at info@CanadianFamilyOffices.com MEMBER CONTENTWhy family offices should care about fraudFraud is more complex, sophisticated and pervasive than ever. No one is immune – including Canada’s ultra-high-net-worth families. At Foster Family Office, fraud is part of risk management. The best defence: knowledge and awareness. Fraud–and investment fraud in particular–is one of the fastest-growing crimes in Canada. Data from the Canadian Anti-Fraud Centre (CAFC) shows that between 2022 and 2025, Canadians lost more than $2.4 billion to scammers. In 2025 alone, Canadians lost $704 million, up more than 300 per cent from 2020. But with only between five per cent and 10 per cent of frauds reported, these losses represent a fraction of the impact. Canada is not alone. Interpol’s 2026 Global Financial Fraud Threat Assessment calls financial fraud one of the world’s most severe and rapidly changing transnational crimes. Criminal networks are collaborating with money laundering groups to scale operations globally. They’re using artificial intelligence to plan and execute schemes to steal personal information and money. This article is brought to you by Foster Family Office. MORE TOP STORIESEight ways scammers use social media to craft a convincing conSeemingly harmless posts reveal your habits, helping criminals spot patterns and opportunities How Canada can win in the next wave of technological innovationAllen Lau writes on enabling Canadian ownership and what promises to be a generational investment opportunity for family offices RECENT ARTICLESSeeing is no longer believing: Deepfakes put a new face on cyber security risk for family officesAs AI makes scams easier and cheaper, ‘It’s an arms race, and the bad guys, unfortunately, are a step ahead’ Are your service providers and associates using AI in a responsible way?Family offices are conducting more due diligence to ensure family data is protected Eight Canadian families who de-risked the oil-and-gas rollercoasterThey’ve made millions but are also diversifying—often in mining, real estate and public and private investment What $10 million buys in cottage country, from B.C. to Ontario to Quebec‘Trophy’ properties are giving way to luxurious recreational homes that build legacy while favouring value and lifestyle New UBS Global Family Office Report finds governance and succession gaps—and a broadening investment focusMost SFOs plan to shift investment allocations this year, while many struggle to involve the next gen |