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How Canada’s Top Companies Protect Against Fraud

Published

2 years ago

5 minute read

Fraud, both cyber and otherwise, is an affliction on the body of Canada’s business community. Every year, thieves, and sophisticated scam artists bilk billions of dollars from owners in the
form of ransom. Another way the activity hurts corporations and smaller organizations is
through hacking of customer files and theft of proprietary information. Most owners never
even get a chance to pay ransom to evil doers; they discover that they’ve been hacked or
violated in some way, and that’s the end of it.

What can savvy and diligent owners and managers do to minimize their risk of falling victim to a
theft, hacking event, or other cybercrime? Luckily, there are numerous preventive measures
that can get the job done and keep devices and their precious data files safe from scams,
frauds, and hacks. The first principle is to realize the potential of the threat. Being in denial puts
you at risk and does nothing more than offer a false sense of security. Other strategies include
using certified ELD compliance systems if you operate a commercial fleet, reporting all
suspicious incidents to authorities, enabling two-factor authentication for all company
computers, and more. Here are the relevant details about the top ways Canadian owners can
avoid fraud.

Don’t Be in Denial

The one factor that leads to the widespread affliction of commercial fraud is denial by potential
and former victims. The problem is particularly pernicious among new and smaller entities,
many of whose owners assume that scammers only target major corporations and wealthy
Canadian companies. The truth is that talented scam artists and cyber criminals do the
opposite: they focus their sights on startups, small companies, and medium-sized organizations
precisely because many of those businesses don’t have the resources to detect attacks.

Use Certified ELD Compliance Systems

Canada’s leading transport firms take a proactive approach to fraudulent threats. That’s just
one of the many reasons they give serious attention to ELD (electronic logging device)
compliance issues. Today’s fleet managers in Canada attempt to maximize compliance within
their own borders and when carrying cargo to or through the US. The fleet supervisors use ELD
units that are fully certified by third parties as well as the nation’s CCMTA (Canadian Council of
Motor Transport Administrators) and the US-based FMCSA (Federal Motor Carrier Safety
Administration). For the ultimate in ELD-related compliance at the commercial level, fleet
managers use a connected operations cloud-based approach to guarantee meeting the federal
standards in both countries.

Report Your Suspicions

Never assume that someone who attempts to scam your company or hack its databases will go
away and not return later. One of the worst things a business owner can do is dodge a scam or
hacking attempt and neglect to report the incident to law enforcement authorities. In nearly every case, computer fraud and similar crimes are attempts to steal goods, data, or services
from businesses.

Get Sophisticated Timeclock Software & Devices

It only takes one disgruntled worker or a small group to sabotage a timeclock system and
perpetrate fraud schemes that can cost a company dearly. The best defense is a solid offense,
namely installing the latest digital timeclocks that leverage the power of biometric
identification methods to minimize or eradicate fraud.

Enable TFA (Two-Factor Authentication) on All Work Devices

Enabling all your work-connected devices for TFA is one of the simplest and least costly ways to
avoid becoming a victim of scams and fraudulent schemes of all types. The arrangement serves
as a kind of cyber padlock on every computer the company uses. Most consumers in Canada
and the US are aware of how the authentication process works. Step one involves entering a
standard password or pass phrase. The second factor is of an interactive nature and requires
the user to receive and enter a digital code sent via email or text.

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The bizarre story of Taro Tsujimoto

Published on March 28, 2025

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The National Hockey League (NHL) has seen its fair share of strange moments, but few compare to the bizarre and hilarious tale of Taro Tsujimoto, a player who never existed. His “selection” in the 1974 NHL Draft remains one of the most legendary pranks in hockey history. If you want to wager on actual players, making the 1xBet app download is definitely a great idea.

In the 1970s, the NHL Draft was a much less glamorous event than today. It was a tedious process conducted over the phone, with teams calling in their picks. The 3 biggest highlights of what happened during that year’s draft were:

  • the draft dragged on for hours;
  • there were multiple rounds and teams selecting unknown prospects from obscure leagues;
  • frustrated with the monotony, Buffalo Sabres general manager Punch Imlach decided to have a little fun.

As the 11th round approached, Imlach instructed his team’s representative to draft Taro Tsujimoto, a supposed forward from the Tokyo Katanas of the Japan Ice Hockey League. The name sounded authentic enough. The league officials, unfamiliar with Japanese hockey, accepted the pick without question. By downloading the 1xBet app you will also be able to wager on great NHL teams too.

A small problem

There was a small problem with all of this, as 2 things didn’t exist: Tsujimoto and the Tokyo Katanas. Imlach had completely fabricated the player as a joke, taking advantage of the NHL’s lack of verification. When it comes to NHL wagers, there is no better platform than the 1xBet Canada site.

For weeks, the league listed Tsujimoto as an official draft pick, and even some newspapers reported on Buffalo’s mysterious new Japanese prospect. Eventually, the Sabres admitted the hoax, and the NHL was forced to retroactively erase the selection from its records.

Despite being a fictional player, Taro Tsujimoto took on a life of his own. Buffalo Sabres fans embraced the prank, and over the years, his name has become a cult legend in hockey culture. Some fans even wore jerseys with “Tsujimoto” on the back. The joke persisted so much that when EA Sports released NHL video games, players could occasionally find Tsujimoto in the game’s draft pool as a hidden Easter egg.

More than just a prank, the story of Taro Tsujimoto highlights 2 things: the quirks of old-school sports management and the creativity of one of hockey’s most colorful executives. Today, with the draft process being highly scrutinized and broadcast live, such a prank would be impossible. But Tsujimoto’s legacy lives on as one of hockey’s greatest inside jokes. What is not a joke are the great rewards that a platform like the Canadian 1xBet site can give you.

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60% of Canadians gamble each month – why the industry is going from strength to strength

Published on March 26, 2025

By

When it comes to regulating gambling, Canada has a somewhat relaxed approach. The Canadian Gaming Association oversees the industry, but it’s up to individual provinces to enact and enforce any laws relating to online casino gaming, sports betting, traditional casino gaming, and other forms of gambling.

Canada’s online casino gaming laws are not totally clear, but individual provinces are starting to put this right. Ontario was the first and did so when it launched its own regulated igaming market in April 2022. Now some other provinces have followed suit, creating a safer igaming environment for players in those provinces. Below is a look at gambling in Canada compared to other parts of the world, at gaming laws in Alberta compared to other provinces, and at the future of the Canadian, US, and UK gambling industries.

Canada: a forever love of gambling

Gambling in some form or other has always been popular in Canada. Way back in the 1990s, research found six in ten Canadians (60%) gambled every month. Additionally, four in ten (43%) spent between 1 and 20 Canadian dollars on gambling. Fast forward to today and the Canadian gambling market is worth 14.2 billion US dollars as of January 2024, according to data on the website of consumer and market data company Statista.

It seems Canada enjoys wagering just as much as two other countries that love a gamble: the US and the UK. Data on the Statista website shows that 49% of US adults took part in gambling activities in 2023. Fifty-six percent said their attitude towards gambling had relaxed, compared to the 50% of 2019.

The UK returned similar stats for the same year. Forty-eight percent of adults reported engaging in gambling activity. Online casinos generated the most gross gambling yield in 2023, but it was the nation’s National Lottery that people played the most.

 

Alberta: following Ontario’s lead

The regulatory developments in Ontario have triggered movement in Alberta. In May 2024, Bill 16, the Red Tape Reduction Amendment Act, made it through the process and later received Royal Assent to become law. The act removes the monopoly of gaming by a single government entity and will allow private operators, licensed by Alberta’s provincial regulator, to provide online gaming services in Alberta, meaning players will have a choice of more than one Alberta online casino to play at.

The regulation transforms Alberta into one of the more liberal provinces when it comes to online gambling, others being Quebec, Ontario, and British Columbia.

Several provinces, such as Novia Scotia and Northwest Territories, have no provincially regulated online gaming sites. Some also restrict betting on horse racing and/or other types of sports betting, obliging citizens to use international betting sites for freedom from caps and betting on as many events as they wish.

What lies ahead for the Canadian, US, and UK gambling industries?

Canada’s appetite for gambling is clear, and the industry’s online sector is beginning to thrive. Ontario has enjoyed vast success by creating its own regulated market, one which, in just its first year, saw Canadians place billions in wagers and the industry itself generate more than a billion in total gaming revenue.

Canada can expect to see other provinces follow Ontario’s lead and allow private operators to provide services in the province under license. The purpose of the regulation is player protection. Any province that develops a regulated market will focus on this, so there will also be regulations around the advertising of gambling services.

The US

Gambling online is the future for the US, too, although states are slow to legalize it. As of September 2024, 38 states had legalized sports betting, following the US Supreme Court’s ruling that states could regulate sports gambling directly.

Despite allowing sports betting, some states only permit in-person betting, and only a few states allow online casino gaming. Operators believe online casino gaming is the future of gambling.

The UK

In the UK, the use of artificial intelligence (AI) will get bigger and bigger. Companies have realized AI can enhance players’ experience and are embracing it more and more. For instance, sports betting websites can use it to crunch data and provide iGamers with stats and other data to make better betting decisions. They’re also understanding they can use AI to prioritize content players are likely to be interested in and to personalize their offerings and services to players’ preferences.

Canada enjoys gambling as much as America and the UK. Although laws around igaming are more of a grey area in Canada, some provinces are clearing the issue up by creating regulated markets and experiencing great success. As time goes by, more are sure to follow.

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