2023 State of Omnichannel Fraud Report

Globally speaking in 2022, 4.6% of digital transactions were potentially fraudulent, returning to pre-pandemic levels. That said, with increased digital transaction volumes, the risks faced by organizations and individuals are greater than ever before.

Our 2023 State of Omnichannel Fraud Report provides insights and recommendations for implementing smarter, more effective fraud prevention strategies that build consumer trust by demonstrating safety in omnichannel customer experiences.

Omnichannel fraud trends highlighted in the report include:

• Growth in digital transactions is driving fraud risk exposure everywhere
  • 4.6% of global digital transactions were potentially fraudulent in 2022                            
  •  80% increase in digital transactions resulted in 80% growth in suspected digital fraud attempts globally since 2019                          
•  Fraudsters are using every available digital channel to access consumer accounts
  • 57% of Canadian consumers said they were targeted with online, email, phone call or text messaging fraud attempts from Sept. to Dec. 2022
• Top fraud concerns cited by Canadian consumers
  • Identity theft — 57%
  • Stolen credit card —  56%
  • Phishing —  46%

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