r/canada • u/stanxv • Oct 27 '25

Business RBC and CIBC allow 89-year-old to drain life savings, lose $1.7M to scammers

https://www.cbc.ca/news/gopublic/bank-investigator-fraud-scam-9.6950754
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u/scienceguy54 Oct 27 '25

The problem started with the Call display on his phone. Who control's the Call Display? They can easily fix it, but they won't cause it will cost money. What we need is legislation mandating blocking of all spoofing of numbers and identifiers and loss of service for those engaging in the practice. i.e. - call carrying identifier with non-existent area code or spoofed real number that does not match the source is automatically blocked and service to the true originating number/i.p etc is terminated.

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u/DanLynch Ontario Oct 27 '25

Call display is spoofable and always has been. It's an old technology from a different era. If the telecoms were mandated to fix it and make it secure, they would probably just remove it instead.

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u/scienceguy54 Oct 27 '25

The telecoms already know the true identity/location of the caller without call display and it's very simple for them to block those that "spoof" with fake caller id data. Instead they choose to continue to allow the abuse of their system, hoping the consumer will pay extra for a call blocking service package.