Furthermore, compared to five years ago, 62% of respondents claimed that they are currently doing more in terms of fraud prevention.
Despite increased knowledge, concern and action, there is always room for improvement, especially in the area of password security.
Nearly a quarter (26%) of those polled write down their financial passwords on paper. Eighteen percent of people save them to a computer file, and 17% have them via an app on their phone or tablet.
The survey noted that one-quarter of respondents (25%) change internet passwords required for personal information less than once a year, while 8% never change passwords for important information.
To keep people’s financial information as secure as possible, CPA Canada issued a reminder to change passwords on a regular basis. He also said that people should be careful while disclosing personal information, strengthen passwords, keep an eye on illegal activities and have an idea of their credit rating.