Canadians lost over $704 million to fraud in 2025
Mar. 07, 2026
Global Korean Post
Fraud is one of the fastest-growing crimes in Canada, but it often goes unnoticed and unreported – hidden behind convincing technology or in everyday online interactions, or crossing international borders.
This March, the Competition Bureau, the CAFC and the Royal Canadian Mounted Police (RCMP) are teaming up again for the 22nd edition of Fraud Prevention Month (FPM) to equip Canadians with the tools to recognize, reject, and report fraud.
Data from the Canadian Anti-Fraud Centre (CAFC) shows that Canadians lost over $704 million to fraud in 2025, with reported losses since 2022 now surpassing $2.4 billion. These losses represent only a fraction of the harm, because only 5% to 10% of frauds are reported.
In 2025, the top three most reported types of fraud were identity fraud, investment fraud and service fraud – all designed to get you to pay or give away sensitive information like your social insurance number, passwords or banking details. The top three frauds reported with the highest financial impacts were investment fraud, romance fraud, and job fraud.
If you or someone you know has experienced a fraud, contact your local police and report online at the Report Cybercrime and Fraud website or toll-free at 1-888-495-8501. You should still report the incident even if there was no financial loss.
by Global Korean Post
