Bernard Généreux at the Industry, Science and Technology Committee

On October 3rd, 2022. See this statement in context.

October 3rd, 2022 / 11:50 a.m.

Conservative

Bernard Généreux Conservative Montmagny—L'Islet—Kamouraska—Rivière-du-Loup, QC

Thank you, Mr. Chair.

I also thank the witnesses.

Mr. Lynam, earlier you used the words “pervasive and enduring challenge”. As I understand it, this is a persistent challenge. Let us be clear: today's technologies mean that this challenge will remain, inevitably.

Knowing this, what are your goals?

Earlier you mentioned that fraud losses were $379 million and recovery was $3.4 million. Can we link these two figures? The recovery is not even 1% of the losses.

Is this possible? Is my calculation correct?

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