Language selection

Government of Canada / Gouvernement du Canada

Page details

Date modified:

Finding Details In 2022, nearly 75% of Canadians reported enabling optional security features to verify their identity when accessing accounts or applications over the Internet, such as two-factor authentication or personalized security questions.

Sample size

  • 25,118

Initiative

Collection dates

  • December 02, 2022 to April 05, 2023

Adopter

Related priorities

This finding relates to the following National Financial Literacy Strategy priorities and target outcomes: 

Priority 3

Support increased digital access and digital literacy

  • Target outcome 3.2
Related headlines
Headline

Most people protect themselves online, but some are still vulnerable to cyberattacks and financial loss.

The financial information of nearly 40% of Canadians will be targeted through phishing or hacking. These cyberattacks can cause serious financial and emotional distress.

Source: FCAC Monthly Financial Well-being Monitor

The analysis is based on research and the findings supplied by the adopters of the National Financial Literacy Strategy Measurement Plan. The related findings can be found at the bottom of this page.

Source: Canadian Internet Use Survey
Related measures

The measure(s) below make up the Strategy-Aligned Measure (SAM) used to generate this finding. Please note that some SAMs require the use of multiple measures, while others work as a standalone measure. Refer to the Measures Library for more details.

Related

During the past 12 months, did you enable any of the following to verify your identity when accessing accounts or applications over the Internet? Select all that apply:

  • Answers to personalized security questions
  • Partner login
  • Two-factor authentication or two-step verification
  • Biometric security features for online functions
  • Password manager program
  • Other optional security features
  • Did not enable any optional security features to verify my identity
Opens in new tabContribute findings and Strategy-Aligned Measures

The Financial Consumer Agency of Canada does not endorse, directly or indirectly, any adopters of the Measurement Plan, nor does it make any representations or warranties, express or implied, concerning the adopters' products or services or their fitness for a particular purpose.

As an early user, your feedback is important to help us make the RDX and its features better for everyone. If you have any problems using the site or find any accessibility issues, please send us your feedback.