Nearly Half of Canadians Report Being Targeted by Digital Fraud as Scammers Exploit Familiar Communications and Accounts

TransUnion reports that 49% of Canadians were targeted by fraud schemes in a recent three-month period, with 6% becoming victims. Phishing (47%), vishing (44%), and smishing (40%) are the most common tactics. Digital fraud in financial transactions increased 226% from H1 2022 to H1 2026, with account login being the largest fraud vector at 42.4% of all suspected digital fraud. Scams are the leading source of fraud losses for Canadian businesses, with 34% citing it as their primary loss driver.