Digital Fraud Attempts in Canada Spike 189% From - GlobeNewswire

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FAQs about Digital Fraud Attempts in Canada Spike 189% From - GlobeNewswire Coupon?

Did Canada see a significant increase in suspected digital fraud in 2024?

TORONTO, Oct. 16, 2024 (GLOBE NEWSWIRE) — In the first half (H1) of 2024, Canada saw a significant increase in suspected Digital Fraud attempts, with nearly 5.74% of all attempted digital transactions where the consumer was located in Canada involving suspected Digital Fraud, revealed a new TransUnion ® (NYSE: TRU) analysis. ...

How common is digital fraud in Canada?

Postmedia has not reviewed the content. In H1 2024, 5.7% of all attempted digital transactions originating from Canada were suspected to be Digital Fraud; more than half (54%) of Canadians said they were recently targeted by fraud attempts. ...

Are online fraud attempts increasing in Canada?

Attempts at online fraud in Canada soared over the past year, according to a survey by TransUnion. Photo by Getty Images/iStockphoto 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. ...

Are Canadians being targeted by fraud?

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.” Sixty per cent of Canadians surveyed said they had been targeted by fraud and 10 per cent said they fell for it. This advertisement has not loaded yet, but your article continues below. ...

Do Canadians take fraud and digital security risks seriously?

The TransUnion survey found that Canadians take fraud and digital security risks seriously, and these concerns influence who they do business with. More than 70 per cent of Canadians said they would not return to a website if they had fraud concerns, and 42 per cent have abandoned their online shopping carts because of security concerns. ...

How many Canadian transactions are fraudulent in 2022?

TransUnion’s analysis also revealed that 3% of all consumer transactions originating from Canada in 2022 were suspected to be fraudulent, compared to 2% in 2019. At the same time, the number of transactions conducted digitally has markedly risen in the last few years by 103% in Canada. ...