"Credit freezes are very useful and effective," says anti-fraud consultant Vanessa Iafolla, especially in the wake of a growing number of data breaches, like the recent Ticketmaster incident which exposed customers' credit card information. Fraudsters now easily access personal data, so a credit freeze creates a protective barrier. It's deeply important because by the time people realize their credit has been accessed, it's often too late."
"Hamel ended up with a $25,000 loan that he never asked for," highlighting the risks associated with identity fraud. This incident emphasizes the importance of preventative measures like credit freezes, which are available for free in Quebec due to new legislation. Hamel's experience illustrates how vulnerable consumers can be if they relocate to areas without similar protections."
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