Nearly half of Canadians report being targeted by digital fraud, TransUnion says
TRU•TransUnion found that 49% of Canadians surveyed reported being targeted by fraud in a recent three-month period, and 6% became victims. Suspected digital fraud rates in financial transaction attempts among its Canadian clients rose 226% from H1 2022 to H1 2026.
1. Fraud attempts rise
TransUnion found suspected digital fraud rates in financial transaction attempts among its Canadian clients rose 226% from H1 2022 to H1 2026. Account logins made up 42.4% of suspected Canadian digital fraud, and the suspected fraud rate for login attempts increased 108% over the period.
2. Business concerns
Scams and authorized fraud caused the largest losses for 34% of Canadian businesses surveyed, while 42% reported increases over the past year. Among Canadian business leaders, 47% were highly concerned that fraud risks were evolving faster than their organizations’ detection and prevention capabilities.
