Equifax Canada Reports Surge in First-Party Fraud

Reuters03-03

Equifax Canada Reports Surge in First-Party Fraud

Equifax Canada’s Market Pulse Fraud Trends and Insights reports that first-party fraud has risen from 0.25% at the end of 2024 to 0.33% by Q4 2025, signaling a growing risk for lenders and service providers. A companion survey found widespread consumer concern about increasingly sophisticated scams, including technology-enabled fake documents, and strong support for tougher penalties, stronger bank security, and broader fraud education.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Equifax Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603030600PRIMZONEFULLFEED9664638) on March 03, 2026, and is solely responsible for the information contained therein.

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