Search

Cyber Security Awareness Month: Top 10 cyber frauds

The Internet, emails, and social media are increasingly used to target Canadians with false, deceptive, misleading and fraudulent solicitations or demands. In 2019, cyber-related frauds accounted for nearly 30% of all fraud reports and 40% of reported losses. This growing trend is continuing in 2020.

2019: Top 10 reported cyber-related frauds
Fraud type Reports Victims Losses (CAD)
Phishing 2,325 859 N/A
Extortion 2,244 81 $80,500
Merchandise 2,145 1,565 $2,206,500
Service 1,591 1,140 $1,783,600
Sale of merchandise by complainant 1,544 1,061 $1,436,500
Job 1,452 575 $1,866,000
Romance 905 647 $17,420,400
Spear phishing 783 420 $19,898,600
Grant 520 178 $590,800
Counterfeit merchandise 453 419 $136,000

Note: It is estimated that less than 5% of fraud victims report their occurrences to the CAFC.

Tips to protect yourself

Date modified: