Equifax Canada collaborating to help protect Canadians against scams

Core Insights - Equifax Canada has joined the Canadian Anti-Scam Coalition, collaborating with over 40 leading businesses and government agencies to combat financial crime [1][3] - The estimated loss to Canadians from fraud last year was $645 million, which may represent only 5-10% of the actual total due to underreporting [2] - The coalition aims to enhance consumer protection through coordinated education, awareness, and prevention initiatives across various sectors [3] Company Initiatives - Equifax Canada is committed to preventing fraud losses exceeding $3 billion annually through its fraud and identity services [4] - The organization is leveraging its global Equifax Cloud™ transformation to develop solutions that provide real-time insights for combating identity and fraud threats [4] Consumer Protection Tips - The Canadian Anti-Scam Coalition advises Canadians to avoid sharing personal information through unencrypted channels and to verify suspicious communications using official contact information [6] - Recommendations include updating antivirus software, considering fraud subscription services, and reporting suspected scams to relevant authorities [6]