Canadians Increase E-Commerce Activity During Black Friday Shopping Period Despite 80% Concerned about Falling Victim to Online Fraud Over Holidays – TransUnion study

TORONTO, Dec. 12, 2023 (GLOBE NEWSWIRE) — A recent survey conducted by TransUnion reveals that almost half (47%) of Canadians report they were targeted by online, email, phone call or text messaging fraud in the last three months*, of which 8% fell victim. A separate TransUnion study on 2023 Holiday E-commerce Fraud** indicates that the rate of potential fraud for e-commerce transactions where consumers are located in Canada over the “Cyber Five” holiday shopping period increased by 4.5% compared to the same period in 2022, yet was 66.5% lower than during the rest of 2023 (Jan. 1 – Nov. 22, 2023). The five-day holiday shopping period (referred to as the “Cyber Five”), spans the Thursday before Black Friday to Cyber…