According to Transunion ,49% of Canadians have reported being targeted by fraud recently!
In Canada have ramped up their scam attempts against telecommunications (up by 400% annually), insurance (up by 90%), and online communities such as forums and dating apps (up by 75%).
Digital fraud attempts, where transactions originated in Canada and targeted global businesses, also spiked by 40% when comparing the first half of 2022 to the first six months of 2023.
Across all industries, the suspected digital fraud rate was at 4.5%, up from 3.2% during Q2 2022. The global digital fraud rate stood at 5.3%.
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