Episode 41: Cybersecurity & Your Financial Well-Being
Published October 27, 2025
Did you know that fraud losses in Canada climbed from $383M in 2021 to $567M in 2023? Cyber threats are rising, and protecting your wealth now means protecting your digital footprint too. In this episode, Darren shares simple, powerful steps you can take to help keep your finances safe in a connected world.
Darren Devine, CFP®, CLU®
Financial Planner, Sun Life
President of Devine and Associates Financial Services Inc.
Darren here, your finances are more than numbers—they represent your security, goals, and peace of mind. Did you know that:
- Fraud losses in Canada increased from $383 million in 2021 to $567 million in 2023 (Canadian Centre for Cyber Security).
- And 91% of cyberattacks begin with a malicious email—financial institutions and individuals alike are the top targets (yeoandyeo).
Cybercriminals are getting more sophisticated with phishing, deepfakes, and AI-generated scams—all designed to trick you into revealing information or diverting your money.
But there's good news: you can help protect yourself with simple, effective practices:
- Enable multi-factor authentication (MFA) to add a critical layer of defense.
- Use strong, unique passwords, ideally with a password manager for safety.
- Pause and think before clicking—many breaches begin with a single click.
- Monitor your accounts regularly for any unusual activity.
- Talk to your financial planner—they can help safeguard both your wealth and your data.
If you're unsure whether your financial accounts are fully protected, reach out. We can review your setup and help strengthen your security.
Thanks for tuning into Money Monday. Don't forget to like and comment for more tips to help make your financial journey a breeze. Until next time, I’m Darren Devine, and you can always talk to us today at DevineAndAssociates.ca!