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Stock impact report

Business owners increasingly worried about Canada's fraud epidemic [Wealth Professional (Canada)]

Equifax, Inc. (EFX) 
Last equifax, inc. earnings: 4/20 05:24 pm Check Earnings Report
US:NYSE Investor Relations: investor.equifax.com
Two new surveys released this week highlight the growing threat and concern of businesses, with financial losses typically running to several thousand dollars. The Canadian Federation of Independent Businesses teamed up with Interac to survey its members with 50% of respondents indicating they had been targeted – either successful or not – by fraudsters and one third of those who were victims reporting financial losses. The average lost over the last year was $7,800 but the financial cost was exacerbated by the time lost to dealing with the fraud, the negative emotional impact, and effect on staff morale. "Whether you're a consumer, a mom-and-pop shop or a big industry player, we've all been impacted by fraud in some shape or form,” said Corinne Pohlmann, Executive Vice-President of Advocacy at CFIB. Dealing with their consequences can be frustrating and time-consuming, especially for small business owners who often don't have enough time or resources to address this growing is Show less Read more
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