Falling for scams has never been easier. In 2022, Canadians lost more than $58 million to spear phishing scams, which are a form of scam that target individuals with specific names, events or pieces of information, according to the Canadian Anti-Fraud Centre
— in other words, highly personalized cyberattacks that can come via text message, email or by phone. In 2023 alone, Canadians lost a staggering $567 million to fraud — an increase of $37 million from 2022 and $187 million since 2021.