Security News > 2020 > August > Mogo provides free access to MogoProtect to help understand and combat identity fraud

Mogo announced that as part of its mission to help Canadians improve their financial health, it is now providing free access to its digital ID fraud protection solution, MogoProtect, to help Canadians better understand and combat identity fraud.

"Seventy-five percent of Canadians were affected by data breaches in one year alone and, as recent issues with the CRA highlight, Canadians are more vulnerable than ever," said David Feller, Mogo's Founder and CEO. "Protecting Canadians from identity fraud is an important component of helping them manage and take control of their financial health. All Canadians need a solution, and we're pleased to provide the first truly free solution of its kind. As we continue to move more of our life online, we are all at an increasing risk of identity fraud."

"Unlike credit card fraud, which is typically covered by your credit card company, identity fraud is not. For those who have experienced identity fraud, the financial and personal impacts can sometimes take years to resolve, and in the meantime you can damage your credit rating and be denied important things like a mortgage."

MogoProtect is the first free, mobile-first identity fraud protection product in Canada.

If you identify a suspicious activity via your MogoProtect alert, you'll be guided through the steps to help stop fraudsters and prevent identity fraud from happening to you.

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