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Suspected digital fraud attempts in Canada shot up almost 40 per cent in 2023, the third-highest increase among 19 countries, a TransUnion study says.
New data analysis from the credit reporting agency found that “five per cent of all digital transactions originating from Canada were suspected to be fraudulent.”
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Sixty per cent of Canadians surveyed said they had been targeted by fraud and 10 per cent said they fell for it.
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The highest rate of suspected digital fraud was in the retail sector, where eight in 100 transactions are suspected of being fraudulent (8.4 per cent). Communities like chat forums and online dating had a 6.2 per cent fraud rate and video gaming, 4.6 per cent.
Along with the drastic increase in fraud attempts, Canadians reported a diverse mixture of schemes from phishing to third-party seller scams.
Phishing, where fraudulent links are circulated via email and other…
