Financial fraud impacts everyone and is becoming harder to detect and more prevalent in Canadians’ daily lives. In 2024, the Canadian Anti-Fraud Centre (CAFC) reported that Canadians had $643 million stolen due to fraud, representing nearly a 300 per cent increase since 2020. The CAFC estimates that this figure only represents 5 to 10 per cent of total fraud losses in Canada, given that many victims are reluctant to report fraud.