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flag Canada's 2025 fraud losses hit $704 million, fueled by AI-driven scams like deepfake impersonations and phishing.

flag In 2025, Canada reported $704 million in fraud losses, up from $645 million in 2024, driven by increasingly sophisticated scams using generative AI and deepfake technology. flag Investment scams and spear phishing were the most costly, with fraudsters impersonating celebrities, politicians, and institutions to deceive victims. flag Notable tactics included "pig-butchering" romance scams, fake job offers, and phishing schemes posing as tech support or prize giveaways. flag Many victims do not report incidents due to stigma, with only 5% to 10% coming forward. flag Authorities urge the public to verify suspicious communications and report fraud to help disrupt criminal networks.

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