Fraud rates across Canada increased by 33.4 per cent over the last year, with credit card, mortgage, and auto industries hit hardestTORONTO, March 21, 2023 (GLOBE NEWSWIRE) -- Equifax Canada has launched FraudIQ Manager™, a fraud prevention solution powered by advanced analytics and rich data sources. The cloud-based platform offers seamless integration into customer application processes and empowers businesses to mitigate risk in real time and prevent future fraud losses. ”By transitioning to
Equifax® Canada Market Pulse — Consumer Quarterly Credit Trends ReportTORONTO, March 09, 2023 (GLOBE NEWSWIRE) -- Canadians are facing increasing financial pressure due to high inflation and rising costs of borrowing. According to Equifax® Canada’s most recent Market Pulse consumer credit trends and insights report, total consumer debt in Q4 2022 has risen to $2.37 trillion, up 6.2 per cent from the same period in 2021. Mortgage debt contributes to 75 per cent of overall consumer debt in Canada
More people are checking their credit reports to spot identity theftTORONTO, March 01, 2023 (GLOBE NEWSWIRE) -- More Canadians than ever before, 97 per cent, feel vulnerable to fraudsters and identity theft, but they’re fighting back, with 94 per cent taking at least one step in the past year to better protect their personal data, a significant increase from 87 per cent in 2022. The most common steps include avoiding answering calls from unknown numbers or hanging up immediately (67 per cent) an