Businesses are reporting high volumes of ecommerce scams from Canada and the U.S.
Businesses across Canada and America are reporting a surge in ecommerce scam victims in recent weeks, as they try to prevent their accounts from being hacked and the credit card numbers and other personal information stolen.
The surge, which began to pick up in the U, is being driven by the recent arrest of two Canadian businessmen, Jeffrey and Jason Siseman, who were charged with conspiracy to commit identity theft.
They are scheduled to appear in court in Toronto on Monday.
Sisemans arrest The Sisems were charged on Monday with conspiracy, breach of trust, and fraud under $5,000.
They were arrested by Canada Border Services Agency officers after a three-day manhunt that began after a report of a suspicious activity at an address in Ottawa on Oct. 24.
According to court documents, the RCMP were alerted to suspicious activity involving a man who had a warrant out for his arrest.
They also discovered a stolen debit card belonging to the Sisemermans, which was being used to purchase counterfeit goods.
The Sisesemans allegedly sold counterfeit goods in an online marketplace and used the fraudulent cards to purchase goods from a third party in Canada and in the United States.
Sisieman and Sisaman were both arrested in Washington state.
They remain in custody.
In Canada, the Sisesems were arrested after a two-day investigation by police in Hamilton, Ont., on Oct 21.
They have since been released on bail.
On Oct. 26, a man identified only as A.M. was arrested on suspicion of identity theft and fraud and was held in custody at the Royal Canadian Mounted Police’s Toronto Field Office, which houses the RCMP.
On Tuesday, police arrested another suspect, who was identified only by his first name, Justin, in Quebec.
Justin, who also lives in Ontario, was charged with fraud under a $5-million credit card.
The Crown alleges that Justin, an employee of a Montreal-based credit card processing company, used fraudulent information to obtain a $1.2-million debt from a Montreal woman.
He was released on $3,500 bail.
“The Sisimans and Justin were both involved in the alleged fraud and theft of information from a victim,” said police spokesperson Const.
“We will continue to investigate the two alleged offences.”
Canadian authorities have said they are investigating more than 200 credit card fraud and identity theft incidents in Canada this year, with an average of three incidents a day.
Sisseman, the second suspect arrested in Canada, has also been charged with one count of conspiracy to engage in fraud and fraud over $5 million, and is scheduled to make his first court appearance in Toronto this Tuesday.
The Canadian government has been working closely with its U.K. counterparts to crack down on credit card scams and fraud.
On Monday, Canada announced it was cracking down on online fraud and issuing warnings to businesses, saying it would offer a $20,000 reward for information leading to an arrest and prosecution of the culprits.
The new crackdown comes after U. S. President Donald Trump threatened to take a “tremendous amount” of credit card data from American consumers if they didn’t pay their bills.
Canadian Prime Minister Justin Trudeau has promised to crackdowns on fraudulent activity in Canada.
“What we’ve seen in Canada is an increase in credit card activity, fraud, and identity protection fraud in our economy,” said C.D. Howe Institute president, Peter Greste.
That has not worked, so it’s time to put the cards back in the banks.””
In the past year, credit card issuers have been caught doing everything in their power to hide the identity of the person issuing the credit.
That has not worked, so it’s time to put the cards back in the banks.”