Equifax Canada Reports Rise in Automotive Fraud [Financial Post (Toronto, Ontario, Canada)]
Equifax, Inc. (EFX)
Last equifax, inc. earnings: 4/20 05:24 pm
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Source: Financial Post
– Automotive Fraud Driven by ID Theft and Falsified Credit Applications a Significant Area of Concern for Businesses and Consumers – TORONTO, Sept. 24, 2024 (GLOBE NEWSWIRE) — Equifax Canada reports that while application fraud is down in some areas, automotive lenders are seeing a surge in fraud. According to new data from Equifax Canada, automotive fraud is up by 54 per cent year-over-year and is largely driven by falsified credit applications and the continued prevalence in identity theft. Ontario has experienced the most significant increase in auto fraud rates, doubling since Q2 2023. In addition, first party fraud (fraud in which the borrower knowingly uses their own personal information to commit fraud) continues to be the most prevalent type of misrepresentation in automotive. “Automotive fraud is a significant pain point for both businesses and consumers,” said Carl Davies, Head of Fraud and Identity at Equifax Canada . “Consumers choosing to falsify their income, empl
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News
- Business owners increasingly worried about Canada's fraud epidemic [Wealth Professional (Canada)]Wealth Professional
- ID theft and false credit applications drive 54% surge in auto fraud, Equifax Canada report finds [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- ID theft and false credit applications drive 54% surge in auto fraud: Equifax Canada [Financial Post (Toronto, Ontario, Canada)]Financial Post
- ID theft and false credit applications drive 54% surge in auto fraud: Equifax Canada [Yahoo! Finance Canada]Yahoo! Finance Canada
- Equifax Canada Reports Rise in Automotive Fraud [Yahoo! Finance]Yahoo! Finance
EFX
Earnings
- 7/17/24 - Beat
EFX
Sec Filings
- 8/29/24 - Form 4
- 8/28/24 - Form 144
- 8/15/24 - Form 8-K
- EFX's page on the SEC website