If you look at the data put out by the RCMP or people who report fraud to the various organizations—and a year ago I think it was around $17 million in combined value—and you compare that to the combined value that the banks and the credit cards are reporting, which is around $440 million, then you can see the difference between what people are self-reporting and what the banks are feeling. Again, we don't know why there's that discrepancy, what the reasons are, and what caused all that fraud, if you will, beyond the $17 million, and where that comes from.
On May 1st, 2014. See this statement in context.