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.
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