Rising scam alerts exhaust 86% of Canadians

Survey reveals growing fatigue among Canadians against fraud

A new Interac cyber security survey highlights a troubling trend among Canadians - A high level of fatigue from continuous fraud attempts. According to the survey, 86% of Canadians report feeling overwhelmed by these attempts, which occur at least once a week for over half of the population.

The survey reveals that the fraud problem spans across all ages and regions, with the techniques used by scammers growing more sophisticated. Notably, 38% of Canadians have encountered scams where fraudsters used personal information to mimic trusted sources.

This increasing sophistication in fraud attempts is contributing to stress among consumers, which, in turn, makes them more susceptible to scams. The survey also indicates a growing empowerment among Canadians who are actively engaging in measures to protect themselves online.

Understanding the difference between digital fraud prevention and cyber security is crucial in this context. Digital fraud prevention focuses on identifying and avoiding online scams through best practices, while cyber security involves the use of technology to protect data and networks from unauthorized access.

Both digital fraud prevention and cyber security are essential in helping Canadians detect and stop fraudulent activities, ensuring personal information and identity credentials are safeguarded against misuse.