OTTAWA, Oct. 27 /CNW/ - Equifax Canada publicly voiced congratulations to federal government for passing key legislation to criminalize identity theft, at a press conference held today in Ottawa.
Equifax Canada statistics show that over the past two years, consumers reported over 40,000 cases of identity theft/fraud. Equifax Canada believes the top priorities for the industry must include detecting fraud at the first possible opportunity, minimizing the number of legitimate consumers impacted by fraud and improving techniques to help organizations stay nimble when preventing and responding to fraud.
Equifax Canada's Vice-President, Government Services, John LaVecchia, was on hand to support the government on this timely initiative:
"Canadians will benefit from strategies that involve coordinated efforts from governments, industry, law enforcement, and consumers. As Canada's largest credit reporting agency and consumer Identification services company, Equifax Canada would like to take this opportunity to congratulate the government and, in particular, the Ministry of Justice for recognizing and taking positive and persistent action to help address the growing problem of identity theft throughout Canada. This landmark legislation is a significant step forward in the protection of Canadians against identity related crimes", Mr. LaVecchia stated.
About Equifax (www.equifax.com)
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers.
With a strong heritage of innovation and leadership, Equifax continuously delivers innovative solutions with the highest integrity and reliability. Businesses - large and small - rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.
Equifax Canada is headquartered in Toronto and operates in the U.S. and 13 other countries throughout North America, Latin America and Europe. Equifax is a member of Standard & Poor's (S&P) 500(R) Index. Our common stock is traded on the New York Stock Exchange under the symbol EFX.
SOURCE EQUIFAX CANADA INC.
For further information: For further information: Tom Carroll, Manager, Marketing & Communications, at (416) 227-5290 or visit our website at www.equifax.ca