Canadians becoming better at recognizing and reporting fraud: Equifax

Consumer calls to set up a fraud alert increased by 28 per cent in 2016 according to new data. Equifax Canada shared the data in support of Fraud Prevention Month, a public awareness campaign that encourages people to recognize, reject and report fraud.

Data from the Canadian Anti-Fraud Centre also suggests that financial fraud continues to grow, costing victims over $108 million in 2016, a 15 per cent increase from the previous year. Identity fraud remains the most prevalent, representing roughly 28 per cent of all fraud victims.

Read more at Market Wired

This article is summarized by Canadian Fraud News Inc.

Kayla Kuefler is the head writer and social media producer at Canadian Fraud News. Kayla was born-and-raised in Edmonton, Alberta and moved to Toronto in 2013 to pursue her Bachelor of Journalism at Ryerson University. Kayla has previously interned at Global News Edmonton, Global News Toronto and CBC News in London, England.

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