Artificial intelligence is rapidly transforming the way financial institutions operate across Canada. Whether it’s your bank using AI to detect fraud, your insurance provider streamlining claims processing, or your investment manager delivering personalized portfolio recommendations, AI is now deeply embedded in the financial ecosystem.

But while these advances bring efficiency and convenience, they also come with new risks—particularly when it comes to data privacy and personal information security. Financial institutions carry a responsibility to protect your data, but in this new AI-driven world, Canadian consumers must also take proactive steps to safeguard their information.

Here are practical ways you can protect your personal and financial data and avoid falling victim to data misuse or fraud:

1. Be selective with the information you share - The less personal data you share, the less there is to be misused. Think twice before giving out sensitive information like your Social Insurance Number, banking details or government ID. Always ask why the information is needed, how it will be used, and whether it’s absolutely necessary.

Avoid oversharing on........

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