{"id":961940,"date":"2026-05-13T06:03:15","date_gmt":"2026-05-13T10:03:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/digital-fraud-attempts-from-canada-surpass-global-average-as-canadians-who-said-they-lost-money-to-digital-fraud-in-the-last-year-report-losing-a-median-of-cad-1301\/"},"modified":"2026-05-13T06:03:15","modified_gmt":"2026-05-13T10:03:15","slug":"digital-fraud-attempts-from-canada-surpass-global-average-as-canadians-who-said-they-lost-money-to-digital-fraud-in-the-last-year-report-losing-a-median-of-cad-1301","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/digital-fraud-attempts-from-canada-surpass-global-average-as-canadians-who-said-they-lost-money-to-digital-fraud-in-the-last-year-report-losing-a-median-of-cad-1301\/","title":{"rendered":"Digital Fraud Attempts from Canada Surpass Global Average as Canadians Who Said They Lost Money to Digital Fraud in the Last Year Report Losing a Median of CAD $1,301"},"content":{"rendered":"

\nStolen credit card fraud or fraudulent charges were the most commonly reported cause of digital fraud loss in Canada
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TORONTO, May 13, 2026 (GLOBE NEWSWIRE) — New analysis from TransUnion (NYSE: TRU) shows that the rate of suspected digital fraud attempts involving consumers located in Canada occurred at a higher rate than the global average in 2025. Based on recent survey findings, 13% of Canadians surveyed reported losing money due to digital fraud (including schemes such as identity theft, phishing and account takeover), with a median reported loss of CAD$1,301, underscoring the potentially serious financial consequences of fraud for Canadian households.<\/p>\n

According to TransUnion\u2019s H1 2026 Update to the Top Fraud Trends Report<\/a>, the suspected digital fraud rate* for attempted transactions where the consumer was located in Canada reached 4.4% in 2025, exceeding the global average of 3.8% during the same period. While this represents a decline from 2024 levels, Canada\u2019s suspected digital fraud rate remained elevated relative to global levels during the same period.<\/p>\n

Fraud risk appears to be most prevalent at the account login stage, making it one of the higher risk points in the digital consumer lifecycle. In Canada, 14.2% of account login attempts in 2025 were suspected to be fraudulent, more than three times the global average of 4.3%. The suspected fraud rate for account creation attempts in Canada was 4.6%, showing that risk is present earlier in the lifecycle but more concentrated at the login stage.<\/p>\n

\n Multiple Fraud Tactics Underscore Why Canadians Prioritize Data Security<\/strong>\n <\/p>\n

Among the surveyed Canadians who reported losing money to digital fraud over the past year, stolen credit card fraud or fraudulent charges was the most common cause, accounting for 26% of reported losses \u2013 significantly higher than the corresponding global rate of 19%. Third-party seller scams on legitimate e-commerce sites followed at 22%, while account takeover incidents represented 21% of losses.<\/p>\n

Together, these findings suggest that Canadian fraud losses stem from a wide range of tactics, highlighting the importance of strong personal data security as fraudsters increasingly combine identity misuse with more sophisticated digital techniques.<\/p>\n

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\n Most Common Digital Fraud Tactics Reported by Canadians Who Lost Money to Digital Fraud (Past Year)<\/em>
\n <\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Fraud type<\/strong>\n <\/td>\n\n Canada<\/strong>\n <\/td>\n\n Global<\/strong>\n <\/td>\n<\/tr>\n
Stolen credit card or fraudulent charges<\/td>\n26<\/td>\n%<\/td>\n19<\/td>\n%<\/td>\n<\/tr>\n
Third-party seller scams on legitimate ecommerce sites<\/td>\n22<\/td>\n%<\/td>\n24<\/td>\n%<\/td>\n<\/tr>\n
Account takeover<\/td>\n21<\/td>\n%<\/td>\n21<\/td>\n%<\/td>\n<\/tr>\n
Phishing<\/td>\n20<\/td>\n%<\/td>\n20<\/td>\n%<\/td>\n<\/tr>\n
Identity theft<\/td>\n18<\/td>\n%<\/td>\n21<\/td>\n%<\/td>\n<\/tr>\n
Smishing<\/td>\n15<\/td>\n%<\/td>\n18<\/td>\n%<\/td>\n<\/tr>\n
Money mule<\/td>\n15<\/td>\n%<\/td>\n24<\/td>\n%<\/td>\n<\/tr>\n
Vishing<\/td>\n14<\/td>\n%<\/td>\n23<\/td>\n%<\/td>\n<\/tr>\n
Social engineering<\/td>\n14<\/td>\n%<\/td>\n20<\/td>\n%<\/td>\n<\/tr>\n
Unemployment benefits<\/td>\n7%<\/td>\n14<\/td>\n%<\/td>\n<\/tr>\n<\/table>\n

\n Source: TransUnion consumer survey<\/em>\n <\/p>\n

\n Online Communities and Video Gaming See the Sharpest Rise in Fraud Activity in Canada<\/strong>\n <\/p>\n

Canada\u2019s digital fraud ecosystem appears to have evolved rapidly over the past year with notable divergences across industry sectors. For transactions where the consumer was in Canada in 2025:<\/p>\n