The increased use of AI-enabled scams is making Albertans and local business owners feel more exposed to financial fraud, according to a new TD survey.
The survey revealed that 81% of Alberta residents feel like scams are getting harder to detect, and 78% feel that advancements in AI make them more vulnerable to fraud.
Other key highlights include:
- Nearly half of Albertans (46%) experience scams or fraud attempts weekly or daily, with 86% admitting they feel more concerned about fraud and scams than they did five years ago.
- More than half (57%) of those in Alberta feel vulnerable to financial fraud.
- Despite this anxiety, more than half (57%) of Albertans admit to engaging in risky activity that make them more susceptible to fraud or scams, including using public Wi-Fi to access personal or financial accounts, opening email attachments from an unknown sender or clicking a link in a text or email before verifying the source.
- Almost three-quarters (74%) of Canadian business owners see scams as a significant risk to their business. Nearly two-thirds (61%) say that AI-driven fraud is a top threat to their business.
In this video interview, Sherry Kalantari, Senior Manager, Business Banking Fraud Prevention and Education, TD, discusses the issue.
Mario Toneguzzi
Mario Toneguzzi is Managing Editor of Canada’s Entrepreneur. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 and 2024 as one of the top business journalists in the world by PR News. He was also named by RETHINK to its global list of Top Retail Experts 2024, 2025 and 2026.
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