Scam Nation Rising: A Wake-Up Call for Canada’s Real-Time Payment Future
Strengthen your defenses against real-time payment fraud with BioCatch’s latest insights on the ever-evolving world of fraud and financial crime in Canada
Canada is on the brink of a real-time payments revolution. But are we prepared for the real-time scam crisis that comes with it?
As Canada prepares to launch its Real-Time Rail (RTR), fraudsters are already racing ahead. AI-powered scams, deepfake deception, and impersonation fraud are spreading faster than regulation can keep up. And without consumer protection guidance, it’s everyday people—seniors, newcomers, and even your savviest customers—who are left to shoulder the emotional and financial burden.
This white paper is a call to action. Authored by former RBC fraud leader Kevin Purkiss, it examines the systemic vulnerabilities in Canada’s approach to scams, explores global best practices from the UK and Australia, and offers actionable recommendations for banks, regulators, and policymakers.
Download the white paper to explore:
- Why Canada’s current scam protections fall dangerously short
- What Canada can learn from global leaders in liability reform and cross-sector coordination
- Four critical steps banks must take now to protect customers and their own reputation
- Why policymakers must embed consumer protections into payment infrastructure before the damage is irreversible