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Mogo Launches MogoProtect to Help Protect Canadians Against Identity Fraud
Mogo Launches MogoProtect to Help Protect Canadians Against Identity Fraud Canada ...
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[{"type":"text","content":"\n\n\n\nMogo Launches MogoProtect to Help Protect Canadians Against Identity Fraud\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Nov. 28, 2017\n\n\n\nProduct addresses growing incidence of identify fraud from data breaches \n\nSubscription-based offering represents Mogo's fifth product and highlights power of the company's digital platform   \n\nOpens up significant new revenue opportunity for Mogo\n\n\n\nVANCOUVER, Nov. 28, 2017 /CNW/ - Mogo Finance Technology Inc. (TSX: MOGO; OTCQX: MOGOF) (\"Mogo\" or the \"Company\"), one of Canada's leading financial technology companies, today announced it has launched MogoProtect, a new digital solution to help consumers protect themselves against identify fraud. \n\n\n \n \n\n \n\"With data breaches happening almost daily, most people don't realize they've been compromised until the damage is already done.  The potential effects of identify fraud – financial losses, reduced creditworthiness – can be devastating, making it more important than ever for everyone to watch for signs of suspicious activity and unexpected inquiries into their credit file,\" said David Feller, Founder and CEO of Mogo. \"With MogoProtect, we are introducing a highly convenient and affordable mobile first solution to help Canadians detect potential fraud and stop it before it becomes a real issue. At $8.99 per month, it's roughly half the price of comparable solutions in the market, and we believe MogoProtect offers an unmatched, mobile-first user experience.\"\n\nIn a recent Gallup poll, Americans ranked identity theft as their single greatest worry1, in part because of the potential impact on their financial life. Take the recent story of a Canadian woman whose identity was stolen, allowing thieves to get two mortgages in her name that totaled CDN$500,000. After she investigated her own case, she found out that the thieves had tried to borrow money at 12 or more financial companies. Nobody can prevent identity theft but a solution like MogoProtect would hav...