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Digital Fraud Targets Nearly Half of Canadians Ahead of Holiday Season

Digital Fraud Targets Nearly Half of Canadians Ahead of Holiday Season

First seen 28 Oct 2026, 16:39 UTC • •
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ThreatCluster AI
ThreatCluster •October 28, 2026 at 18:11 UTC
  • •49% of Canadians reported being targeted by digital fraud in recent months.
  • •Phishing is the most common tactic, affecting 47% of those targeted.
  • •Fraud attempts on existing accounts increased by 226% from H1 2022 to H1 2026.

A recent analysis by TransUnion reveals that 49% of Canadians reported being targeted by digital fraud schemes in a three-month period, with 6% falling victim. Phishing (47%) was the most common tactic, followed by vishing (44%) and smishing (40%). The report highlights a significant increase in fraud attempts, particularly targeting existing online accounts, which saw a 226% rise from H1 2022 to H1 2026. Account login attempts accounted for 42.4% of all suspected digital fraud in Canada. The rise in sophistication is attributed to AI and automation, making scams appear more legitimate. Businesses are urged to enhance protective measures for customers as fraudsters exploit consumer trust during the holiday shopping season.

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Timeline

2026-10-28
TransUnion report published
TransUnion released findings showing nearly half of Canadians targeted by digital fraud, highlighting rising tactics and account vulnerabilities.
Finance.Yahoo

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Common questions

What types of fraud are most common?
Phishing, vishing, and smishing are the most reported types of fraud, affecting 47%, 44%, and 40% of targeted Canadians, respectively.
How has digital fraud changed recently?
There has been a significant increase in fraud attempts, particularly targeting existing accounts, with a 226% rise in suspected digital fraud from H1 2022 to H1 2026.
What should businesses do to protect customers?
Businesses need to strengthen security measures and educate customers about recognizing fraudulent communications, especially during the holiday season.