January 15,2026
RED FM News Desk
A surge in digital and phone-based fraud has affected the majority of Canadians over the past two years, according to a new report from the Angus Reid Institute.
Released Monday, the report found that over 80 per cent of Canadians say they have been targeted by an online or phone scam since 2024. About 30 per cent of these victims experienced successful attempts, resulting in the theft of personal information or money.
The financial impact is significant. Canadians have lost more than $544 million as of September 30, 2025, according to the Canadian Anti-Fraud Centre. In 2024, losses reached $645 million. Angus Reid notes the true figures are likely higher, as only 5 to 10 per cent of fraud cases are reported to authorities.
An Invisible Crime Wave
While violent crime often dominates headlines, fraud has become one of the most common criminal experiences in Canada. “Some of the most common crimes facing Canadians don’t involve ever seeing another person’s face,” the report states.
In the past two years, 13 per cent of Canadians were involved in a police-reported crime, but that number jumps to 36 per cent when including victims of fraud and identity theft.
Who’s Most at Risk
Canadians aged 60 and older are nearly twice as likely as those aged 18 to 29 to fall victim to scams. Experts link this to the rise of sophisticated AI-generated fraud that convincingly mimics authentic communications from trusted sources.
Reporting Fraud
Authorities urge Canadians to remain cautious of unsolicited calls or texts requesting personal information. If targeted, you should:
- Report it: Contact the Canadian Anti-Fraud Centre online or at 1-888-495-8501.
- Notify your bank: If financial information was shared, alert your bank immediately to protect your accounts.
- Contact local police: File a report if you have lost money to help track regional fraud trends.
Loading ...
