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Symcor Launches AI-Powered Solution to Mitigate Payment Fraud in Canada

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One of Canada’s leading business solutions provider this week announced a new launch toaddress the escalating challenge of Authorized Push Payment fraud, which is where unsuspecting individuals are deceived into electronically transferring funds to fraudulent accounts. [Read more…] about Symcor Launches AI-Powered Solution to Mitigate Payment Fraud in Canada

Canadian Proptechs Adopt VeriFast Platform to Reduce Fraud in Real Estate

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According to data from Forrester, an astounding 97% of property managers have experienced fraud.

Fraud is more than just an inconvenience: More than three million evictions in 2022 cost U.S. real estate owners over $3 billion through lost rent, damage repairs, and enforcement costs. [Read more…] about Canadian Proptechs Adopt VeriFast Platform to Reduce Fraud in Real Estate

Financial Services Executives Express Concerns Over Risk Decisioning Amid Rising Credit Default and Fraud Rates

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As credit default and fraud rates rise, 70 percent of financial services executives are not confident in their ability to modify risk decisioning quickly to keep pace with shifts in consumer behavior and the economy. [Read more…] about Financial Services Executives Express Concerns Over Risk Decisioning Amid Rising Credit Default and Fraud Rates

As Digital Transactions Take Over Canada, Fraud Casts a Long Shadow

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Fintech startups are actively innovating the payments space, and as a result Canadians are transacting digitally more than ever before.

Frictionless, real-time payments have created benefits for consumers, but this has also created a wider landscape for fraudsters. [Read more…] about As Digital Transactions Take Over Canada, Fraud Casts a Long Shadow

Battered by ‘Fraud Fatigue,’ Canadians Fight Back Against Online Identity Theft

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More Canadians feel vulnerable to fraudsters and identity theft than ever before, according to a recent survey.

The data, collected by Equifax for Fraud Prevention Month, revealed 97% of Canadians feel vulnerable to fraud. [Read more…] about Battered by ‘Fraud Fatigue,’ Canadians Fight Back Against Online Identity Theft

Interac Research Reveals Canadians are Facing Mounting Fraud Fatigue

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Canadians are spending more of their time online than ever before. From using gaming applications, browsing social media, and chatting with friends and family members on multiple platforms, many of our daily activities involve exchanging sensitive information that might be vulnerable to fraudsters. [Read more…] about Interac Research Reveals Canadians are Facing Mounting Fraud Fatigue