The State of Scams in Canada

Uncover the Critical Role of Financial Institutions in Scam Prevention and Customer Safety.

This comprehensive report by the Global Anti-Scam Alliance (GASA) and Feedzai is grounded in a survey of 989 Canadians, and paints a vivid picture of the scam landscape. A staggering 75% encounter scams monthly, with victims losing an average of C$2,406, highlighting the critical need for immediate action.
Key Insights:

  • Alarming Prevalence: Scams impact 3 out of every 4 Canadians, yet a worrying 69% do not report these incidents to law enforcement.
  • Trust in Financial Institutions: A significant 55% of scam victims seek help from their banks, showcasing the trust placed in these institutions over others.
  • Emerging Challenges with Real-Time Rails: As financial technologies evolve, they also create novel avenues for scammers to exploit.

Be Proactive Against the Scam Epidemic. 
This report transcends mere data; it serves as a rallying cry for individuals, corporations, and policymakers to unite in the fight against digital fraud.
Feedzai – A proud collaborator with GASA, committed to arming financial institutions with advanced tools to prevent scams and protect consumers.

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