Equifax Canada Response to the Government of Canada’s Priority to Fight Financial Crime and Protect Canadians

TORONTO, ON (November 5, 2025) - "At Equifax, we are focused on helping people in Canada live their financial best, including protecting them from scams and financial crimes. As the largest consumer credit bureau in Canada that runs the ecosystem’s most comprehensive known fraud exchange in the country, we were excited to hear that the Government of Canada has set a pivotal agenda for 2026 that focuses on a robust National Anti-Fraud strategy and a new Financial Crimes Agency. 

Equifax Canada is fully aligned to these priorities and we have a long history of helping Canadians fight fraud, including our FraudIQ™ Exchange which has helped detect and prevent an estimated $3B in fraud annually. All of Canada’s banks and telcos, are part of our 40 member fraud consortium that rely on Equifax to help protect consumers and small businesses. 

As fraud and scams continue to grow, advanced AI and machine learning on native cloud technology is required to fight financial crime and defend against nefarious actors. As one of the largest financial services companies in Canada to transition 100 per cent of our business to cloud technology, we look forward to working with the government to further protect Canadians, and taking steps at Equifax to expand our fraud solutions in alignment with this government strategy including our work in Scam Detect and synthetic ID detection.

For over 100 years, Equifax Canada has played a pivotal role in helping build financially healthy communities. Using Equifax data and insights, we identify and prevent fraud to protect Canadian consumers and businesses, their identity, and their credit, with powerful fraud and financial crimes solutions. We are proud to offer unparalleled data and insights with world-class security that helps to fight fraud. With our proven record in helping to prevent fraud and scams, Equifax Canada is continuing its commitment to helping Canadians protect themselves and their families from fraud and financial crimes.”  

- Sue Hutchison, President and CEO, Equifax Canada

Learn more: 

One in Three Canadians Targeted by Scam Texts in Just Three Months, Equifax Canada Survey Finds | Credit Card Fraud Escalates As Fraud Continues to Be a Concern for Canadians | FraudIQ | Equifax Complete Protection | Entity Link

About Equifax

At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.ca.