Why feeling fraud-savvy could be your biggest vulnerability
The survey found that 46% of Canadians encounter scams or fraud attempts weekly or daily. Nearly a quarter, or 24%, say they or a family member have been the victim of financial fraud in the past year.
Despite that exposure, 89% feel confident in their ability to identify fraud, even as 52% admit to habits that increase their vulnerability: using public Wi-Fi to access financial accounts, clicking links in texts or emails before verifying the source, and downloading apps from unfamiliar sites.
Compounding the risk, 41% of Canadians say they never consult resources or educate themselves on fraud prevention.
Overconfidence creating a dangerous blind spot
Tarundeep Dhot, Vice President of Fraud Management at TD, said the confidence gap is precisely what fraudsters count on.
“While it’s encouraging that Canadians feel aware, overconfidence can sometimes lead to quick decisions or overlooked warning signs that scammers rely on,” he said.
