Information & Ethics committee  When you look at credit monitoring I would go back to the point I made earlier, that it's not just the monitoring aspect of it. The credit monitoring tool as it's sold has an education process to it, a management process. Again, I have my credit file. I get my email that says the

Information & Ethics committee  One thing we haven't talked about that we've talked about internally is the creation of a child SIN, creating a database where rather than registering when the compromise happens, potentially registering that child SIN at the point of RESP, and then both of us having information

Information & Ethics committee  Yes, that's certainly something I think we could collaborate on as an industry.

Information & Ethics committee  The intent of sharing information is to help us prevent as much fraud as possible. I think this would be the same for Equifax. We have multiple layers of fraud detection as it relates to financial services. Whether it's the device you're logging in to, the information you put on

Information & Ethics committee  I think one other point I would add is that it's not just about monitoring, but it's about management, understanding your credit, and understanding what happens within your credit file. So as balances go up and down, how does that impact the score? Credit monitoring, although i

Information & Ethics committee  I think the last point I would make is that we talked about a lot of the breaches happening in small or medium-sized enterprises and they make up a large percentage. There really is assistance that should be offered there around the education of what happens and helping them unde

Information & Ethics committee  Can I just add one more point? I think as you try to attack this problem there are really multiple solutions to get there. But I would just say that an ounce of prevention is worth a pound of cure. When you think of the number of breaches actually decreasing but the number of pot

Information & Ethics committee  I think from TransUnion's perspective—and I suspect from Equifax's perspective as well—we'd be up for sharing the information with an individual body. The issue goes back to how do we prevent as much fraud as possible? We're trying to get to the government bodies that issue ident

Information & Ethics committee  Prior to joining TransUnion—I've only been with TransUnion for 75 days—I spent most of my career in financial services. I think the front line of fraud prevention resides in the hands of the folks in the financial services sector, and the retail sector when they get that data. Ho

Information & Ethics committee  Yes.

Information & Ethics committee  From a TransUnion perspective, the percentages would probably be similar to what Equifax has for a delivery of reports to consumers.

Information & Ethics committee  Certainly. Do you want me to just continue from this point?

Information & Ethics committee  We are in line with the ISO standards, and on a regular basis, audit under SSAE 16 requirements. Our data would seem to point to the lack of awareness in industries outside the financial sector and show that there's more need for education in this area, not only in the obligatio

Information & Ethics committee  Mr. Chair and committee, thank you very much for having us attend today. My associate with me is Chantal Banfield, our legal counsel for TransUnion Canada. A little about TransUnion, and then we'll talk about the issue of identity theft. TransUnion, as a global leader in credi