Equifax survey reveals 74% of Canadians believe identity and mortgage frauds affect their auto insurance payments, with 76% attributing financial hardships as a cause.
Canadians are increasingly concerned about identity and mortgage frauds, with 74% believing frauds affect their auto insurance payments, according to a new survey by credit reporting agency Equifax. The survey found 76% of respondents believe financial hardships may have pushed people to commit fraud and theft, especially in the auto sector and through stolen identity. Identity fraud has surged, accounting for roughly three-quarters of all fraudulent applications across all sectors in the fourth quarter, up from about 65% the previous year.
February 27, 2024
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