Madam Speaker, I thank my colleague from Winnipeg North for his excellent question.
I agree with him. The best way to thwart identity theft is to ensure that the person who wants to conduct a transaction is who they say they are. People can be identified based on what they know, what they have and who they are, through personal information. A person's name and address are part of what they know. The IP address of their computer or a cellphone number where an institution can send a text message are part of what they have, and finally, facial recognition, their handwriting or their digital fingerprints are part of who they are. These are ways to fight fraud.
In the European Union, two of these three ways must be used to identify a person. Why does Canada not do the same? These control mechanisms will not cost more than fraud will if nothing is done.