Finance news

Canadians are experiencing widespread fraud fatigue. They’re increasingly worn down by the steady stream of scams they face, reporting growing fatigue as fraud becomes more and more part of their everyday lives, according to a report published by Equifax Canada earlier this year.Some people may be more vulnerable to fraud due to this fatigue.MoneySense’s Penelope Graham interviewed Julie Kuzmic, Head of Consumer Advocacy and Compliance at Equifax Canada, about fraud fatigue.Watc

Ever heard of synthetic identity fraud?It’s a kind of fraud that costs Canadians billions of dollars every year, but awareness around it is lacking. A victim may not even know they’ve been victimized.Equifax Canada notes that synthetic identity fraud can be difficult to detect with traditional fraud monitoring systems and pose a serious threat to financial health.MoneySense’s Penelope Graham talked to Carl Davies, Head of Fraud and Identity at Equifax Canada, about this fast-gr