17% of Canadians have reduced or stopped using credit cards due to the difficulty of identity checks, which is slightly higher than in 2023.
17% of Canadians have reduced or stopped using credit cards due to the difficulty of identity checks, which is slightly higher than in 2023. — This cybersecurity statistic was published by FICO in July 2025. It covers topics including Canada, Identity verification, Credit card. The original data appears in 2025 Consumer Survey: Canada Fraud, Identity and Digital Banking. For the full methodology and detailed findings, refer to the original report.
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Frequently Asked Questions
What does this statistic say?
17% of Canadians have reduced or stopped using credit cards due to the difficulty of identity checks, which is slightly higher than in 2023. This data was published by FICO and covers Canada, Identity verification, Credit card.
Where does this data come from?
This statistic comes from 2025 Consumer Survey: Canada Fraud, Identity and Digital Banking, published by FICO on July 30, 2025. You can view the original report at https://www.fico.com/en/latest-thinking/ebook/2025-consumer-survey-canada-fraud-identity-and-digital-banking.
What cybersecurity topics does this cover?
This statistic relates to Canada, Identity verification, Credit card. Browse more statistics on Canada or from FICO.