Many Canadians say they’ve been a victim of financial fraud

Forty-six per cent of respondents say they’ve fallen victim to financial fraud, found the latest survey by CPA Canada.

CPA Canada's 2022 Fraud Study found that credit card fraud remains the leading type of financial fraud, which 24 per cent of survey respondents have experienced, followed by email or phishing fraud, which eight per cent reported having fallen victim to. 

"Canadians lives are increasingly online, making it more important than ever to be vigilant and alert to protect private information," says Doretta Thompson, CPA Canada's financial literacy leader. "That means we have to be very cautious and mindful of pitfalls when we use the internet." 

The majority of survey respondents (69 per cent) are more concerned about fraud than they were five years ago. In addition, 62 per cent of respondents said they are doing more now in terms of fraud prevention when compared with five years ago.