To protect Canada's financial system, new anti-fraud measures must evolve faster than their foes
The Government of Canada’s launch of an Anti-Fraud Strategy and Financial Crimes Agency acknowledges a reality that banks, fintechs and payment processors already know: the scale, sophistication and speed of digital fraud are outpacing traditional defences. These are vital national commitments, to be sure, but they also underscore the need for companies, institutions and governments to evolve faster than the attacks they face. Fraud has become one of the defining challenges of our time.