4 minute read
Business fraud and cybercrime are on the rise in Canada. In 2022, the Canadian Anti-Fraud Centre received fraud and cybercrime reports totaling $530 million in business losses—up $150 million from 2021. That’s an increase of nearly 40%.
With cybercrimes up year over year, there’s no better time to get serious about protecting your business from fraud. And there’s no better place to start than here. Download our fraud infographic.
Don’t fall victim to fraud. Talk with our experts about protecting your business—and your customers. Or visit our help centre for more tips and tricks to prevent fraud.
Sources:
- Royal Canadian Mounted Police, February 2023. Fraud Prevention Month 2023: Fraud losses in Canada reach another historic level.
- PCI Security Standards Council. Approved PTS Devices.
- VISA. New & Improved 3D Secure.
This information is not a complete list of a merchant's obligations with respect to reducing fraud risk. Refer to the details in the Global Payments merchant contract and the rules/regulations.
