Banks (Finance)
Canada's Banking Industry on the Brink of a Regulatory Revolution: APP Fraud Prevention and Compensation Reforms Loom on the Horizon
Recent statistics from Statistics Canada reveal a staggering 12% increase in police-reported fraud from 2022 to 2023, with authorized push payment (APP) fraud being a particularly concerning type. Young Canadians are disproportionately affected, and with the rise of social media and electronic payment methods, they are more vulnerable to APP