More Canadians are
Fraud rises 31% in Canada, says Equifax
First-party fraud rates across Canada climbed 31% year over year, driven by sharp increases in the credit card and banking sectors, according to new data from Equifax Canada.
The company’s latest Market Pulse Fraud Trends and Insights report, found that a growing number of Canadians are intentionally misrepresenting their own financial information to gain access to credit and banking products.
Carl Davies, head of fraud and identity at Equifax Canada, said the findings should put lenders on notice. “This concerning growth in first-party fraud activity is a trend no lender can afford to ignore,”
Full Read:
- www.wealthprofessional.ca/
- https://www.wealthprofessional.ca/news/industry-news/more-canadians-are-lying-about-their-finances/392166
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