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Fraud Watch Alert

Four-in-five Canadians targeted by scams as fraud losses top $544M

A new report from the Angus Reid Institute reveals that over 80% of Canadians have been targeted by digital or phone scams since 2024. While many ignore these attempts, roughly 30% of those targeted fell victim, resulting in the theft of funds or personal data.

By September 2025, reported losses exceeded $544 million, though the actual figure is likely much higher as fewer than 10% of cases are reported to police. Seniors aged 60 and older are disproportionately affected, being nearly twice as likely to be victimized as younger adults, partly due to the rise of sophisticated AI-generated communications.

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