Top Fraud Trends: H2 2025 Update

Fraud is changing rapidly. Compromised identity data threatens to overwhelm fraud detection systems — enabling bad actors to attack every customer touchpoint with ease.

This was the sobering backdrop for the first half of 2025 fraud trends. Increased risk across the customer lifecycle is exposing your organization to fraud. To get ahead, you need a clear picture of identity — enabling greater protection from risky users while improving experiences for real customers. 

In this report, TransUnion® provides insights to those responsible for preventing fraud and securing customer experiences — helping you drive better business outcomes.

Key Canadian global fraud trends from TransUnion include:

Scam/authorized fraud and synthetic identity fraud drive major losses

• 29% of fraud losses stem from scam/authorized fraud, according to Canadian business leaders
• 26% of Canadian business leaders said fraud losses are due to synthetic identity fraud, up eight percentage points year over year

Identity verification and device reputation leads the fight against fraud

• 53% of Canadian business leaders ranked identity verification as most effective for preventing fraud
• 46% of Canadian business leaders see device reputation as a key technology for fraud defence

The total cost of fraud keeps climbing

• 7.2% of equivalent revenue on average lost due to fraud among Canadian business leaders surveyed
• 7.7% of equivalent revenue on average lost due to fraud among global business leaders surveyed

To explore Canada’s fraud landscape and how it compares to other markets, complete the form to download the full report.