Top Canadian frauds in 2020

Nanook

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Top 10 frauds targeting Canadians in 2020

Top 10 frauds targeting Canadians in 2020​


In 2020, the Canadian Anti-Fraud Centre received 101,483 fraud reports involving nearly $160 million in reported losses. Moreover, 67,294 of the reports were from Canadian consumers and businesses, that reported losses totalling more than $104.2 million. It is estimated that fewer than 5% of victims file a fraud report with the CAFC.

Top 10 frauds affecting Canadians based on number of reports in 2020

Fraud typeReportsVictimsDollar loss
Extortion17,3906,689$12.5 M
Identity fraud16,97016,970N/A
Personal information6,6494,386N/A
Phishing3,6721,167N/A
Merchandise3,3542,728$8.7 M
Victim vendor2,3201,478$4.2 M
Job2,2971,035$2.6 M
Service2,0091,241$8.5 M
Spear phishing1,049525$14.4 M
Emergency924310$1.0 M

Note: Scams soliciting personal information and phishing do not involve financial losses and the majority of people who are victims of identity fraud are not responsible for the fraud losses.

Top 10 frauds affecting Canadians based on dollar loss in 2020

Fraud typeReportsVictimsDollar loss
Romance899620$18.5 M
Investment501428$16.5 M
Spear phishing1,049525$14.4 M
Extortion17,3906,689$12.5 M
Merchandise3,3542,728$8.7 M
Service2,0091,241$8.5 M
Victim vendor2,3201,478$4.2 M
Prize754240$3.5 M
Bank investigator835340$3.0 M
Job2,2971,035$2.6 M
 
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