Canadian securities regulators are employing new technology to disrupt fraud, helping them take down 3,900 websites peddling investment scams over the past six months.

The Canadian Securities Administrators, an umbrella organization made up of provincial and territorial securities regulators, is working with a third-party technology service provider that processes millions of reports per day and uses machine learning algorithms to identify indicators of fraud.

Once the fraudulent websites, which include fake investment platforms and cryptocurrency scams, have been identified, the CSA works with internet service providers to block users from accessing them.

The CSA declined to name the service provider.

Top executives at the Ontario Securities Commission have said that they are witnes

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