Thursday Sep 28th, 2023


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.

“As consumers and businesses continue to use digital transactions to engage in commerce, fraudsters are increasingly using them for their own benefit,” TransUnion said.

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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