Technology

Statement – The Canada Revenue Agency (CRA) has zero tolerance for fraud

Published

3 hours ago

November 6, 2024

OTTAWA, ON, Nov. 6, 2024 /CNW/ – Whether it be a threat from external bad actors, or taxpayers willfully submitting fraudulent returns, the CRA is standing on guard.

Protecting taxpayer accounts

In today’s increasingly digital world, safeguarding sensitive information against constantly evolving threats is critical for every organization, including the CRA. The protection of taxpayer information remains one of our highest priorities. Recognizing that even with our robust security controls, we, like many large organizations, are not immune to privacy breaches, and we recognize the worry and frustration this can cause for those affected.

The CRA has a wide array of security measures to protect the personal information of Canadians, and to shutdown would-be fraudsters. That said, bad actors are continually evolving their tactics and so we must be vigilant in adapting to stay one step ahead.

In fact, since 2020, the CRA has implemented numerous security measures, technologies, processes and controls to ensure the security of taxpayer information including multi-factor authentication throughout CRA login services, and proactively revoking user IDs and passwords that may have been obtained by unauthorized third parties through external sources.

We have been successful in protecting hundreds of thousands of fraudulent attempts to gain access to personal and business taxpayer accounts.

When we suspect an account is the target of an external threat actor, we take swift and immediate precautionary measures on the taxpayer’s account such as locking it to prevent transactions, conducting in–depth reviews, and contacting the individuals. The CRA formally notifies the affected individuals and provides credit protection, where warranted, at no cost to them.

Taxpayers who are confirmed victims of identity theft are not held responsible for any money paid out to scammers nor penalties or interest related to fraudulent claims.

The CRA has processes in place to report all material privacy breaches to Treasury Board of Canada Secretariat (TBS) and the Office of the Privacy Commissioner of Canada (OPC).

The CRA is prevented from commenting on taxpayer information obtained from compromised third parties, due to privacy protections found in the Income Tax Act.

Fraudulent tax returns

The vast majority of Canadians are honest, law abiding taxpayers. As such, Canada’s tax system is based on voluntary compliance and self-assessment. Individual taxpayers are responsible for ensuring the information they report on their tax returns is accurate.

Unfortunately, there are those few who believe they are above the rules of society. For that reason, the CRA has strong safeguards in place to catch this small percentage of fraudsters who willfully submit false claims in order to steal funds from the collective purse. Safeguards include automated and manual checks, as well as cooperation with financial institutions, to flag suspicious returns and participants in illegal tax schemes before funds are distributed.

The CRA does not publicly discuss tax schemes utilized by bad actors, to avoid inspiring other would-be fraudsters from following suit.

Taxpayers who claim false expenses, credits or rebates from the government are subject to serious consequences. They are liable not only for corrections to their tax returns and payment of the full amount of tax owing, but also to penalties and interest. They may also face criminal prosecution.

In rare cases where fraudulent funds are paid out, we take every available enforcement action to return the funds to the Crown and hold the offending parties accountable. This includes criminal investigations that could be referred to the RCMP.

Once convicted, tax evaders can face penalties, court fines, and jail time — in addition to having to pay the taxes they tried to evade, plus interest. High-profile enforcement actions are publicized through enforcement notifications.

Contacts

Media Relations
Canada Revenue Agency
613-948-8366
cra-arc.media@cra-arc.gc.ca

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SOURCE Canada Revenue Agency

Technology

IgniteTech Delivers MyPersonas for Jive AI, Redefining Human-AI Collaboration

Published

16 mins ago

November 6, 2024

Groundbreaking announcement made at Financial Times’ Future of AI Conference

LONDON, Nov. 6, 2024 /PRNewswire/ — IgniteTech, a leader in enterprise AI solutions, today launched MyPersonas™ for the Jive AI platform at the Financial Times (FT) Future of AI Conference, where CEO Eric Vaughan shared insights during a fireside chat with FT Technology Reporter Stephanie Stacey.

MyPersonas represents a breakthrough in knowledge sharing by creating AI-powered digital clones of Subject Matter Experts (SMEs) that interact with users through natural-language, multi-modal chat sessions. The solution, which supports over 160 languages, addresses a universal challenge: making expert knowledge accessible without creating bottlenecks around key personnel.

What sets MyPersonas apart is its patent-pending dynamic learning capability. When the AI encounters questions it cannot answer, it automatically connects with the human expert through iOS, Android, Slack, or Microsoft Teams. The expert’s response is not only delivered to the user but also permanently enriches the AI’s knowledge base, ensuring continuous improvement and reducing repetitive inquiries over time.

“MyPersonas transforms the AI narrative from job replacement to human empowerment,” said Vaughan during his “AI Resistance to Renaissance” fireside chat. “We’re enabling organizations to multiply the impact of their top performers while freeing them to focus on strategic initiatives.”

The solution helps prevent SME burnout while enhancing team collaboration and accelerating decision-making. Organizations from small businesses to global enterprises can now provide around-the-clock access to expert knowledge without overwhelming key personnel.

First previewed at the ImagineAI Live Conference in Las Vegas in March 2024, MyPersonas demonstrates IgniteTech’s commitment to AI-first innovation. The rapid development cycle – just eight months from concept to market – showcases the power of AI-enhanced software development and IgniteTech’s successful transformation to an AI-first organization.

About IgniteTech
Founded in 2010, IgniteTech is a leading AI-first enterprise software company. With a track record of successful acquisitions and rapid innovation, IgniteTech’s solutions power businesses worldwide. The recent announcements of AI product visions and enhancements across its entire portfolio highlight IgniteTech’s commitment to transforming its offerings with AI-centric innovative solutions.

About Jive AI Software
Jive AI is an industry-leading Employee Experience Platform uniting people, knowledge, and content in a secure hub across mobile and desktop devices. It is an indispensable tool for millions of users and many of the world’s most successful organizations who depend on Jive-powered collaboration hubs to get work done. Part of the IgniteTech Software portfolio, Jive AI continues to transform the landscape of collaboration, making every interaction meaningful.

Experience the Future of Work with MyPersonas
To learn more about how MyPersonas can revolutionize your organization, visit MyPersonas.ai or contact your Jive AI account representative.

For Media Inquiries: meridith@mk-bridge.com or teena@teenatouch.com
For Business Inquiries: software@ignitetech.com
Follow: LinkedIn / X

View original content:https://www.prnewswire.co.uk/news-releases/ignitetech-delivers-mypersonas-for-jive-ai-redefining-human-ai-collaboration-302296790.html

Technology

EVN Ho Chi Minh City Reinforces its Commitment to Maximum Reliability and Resiliency

Published

16 mins ago

November 6, 2024

Top executives from EVN Ho Chi Minh City (one of the largest electricity providers in Vietnam) visit Survalent to strengthen partnership and receive 2024 Industry Leadership Award.

BRAMPTON, ON, Nov. 6, 2024 /PRNewswire-PRWeb/ — Survalent had the honor of welcoming a delegation of power executives from EVN Ho Chi Minh City (EVNHCMC), one of the largest electricity providers in Vietnam, to its global headquarters on October 8, 2024. The visit marked a pivotal step forward in the partnership between Survalent and EVNHCMC, driving forward the modernization and optimization of the power grid in Ho Chi Minh City.

“We are proud to celebrate EVNHCMC’s remarkable accomplishments,” said Steve Mueller, CEO of Survalent. “Their use of SurvalentONE FLISR and SCADA systems has significantly improved the reliability of their grid, and we are excited to continue our partnership on future projects.”

EVNHCMC and Survalent have previously collaborated on deploying Fault Location, Isolation, and Service Restoration (FLISR) technology to EVNHCMC’s 872 feeders, which yielded immediate, substantial results. In the first year of running SurvalentONE FLISR, EVNHCMC reduced their System Average Interruption Duration Index (SAIDI) by 95% and their System Average Interruption Frequency Index (SAIFI) by 93%, earning them a spot among the top 50 power companies on Smart Grid Benchmarking Results 2022.

EVNHCMC’s achievements have been recognized with numerous awards, including a perfect score of 4 out of 4 in grid monitoring and control by the Singapore Power Grid’s Smart Grid Index in 2022, the prestigious “Digital Enterprise” certification from the Vietnamese Ministry of Information and Communications, and POWER magazine’s “2024 Smart Grid Award” for their Distribution Automation System (DAS) project. Additionally, EVNHCMC won the “Smart Grid Project of the Year” award at Enlit Asia in both 2023 and 2024, demonstrating their continued innovation and excellence in smart grid development.

During the visit, EVNHCMC representatives provided an update on their success with SurvalentONE SCADA and SurvalentONE FLISR which has been fully operational across their entire distribution network since 2021. The system supports 5 independent regions with 100,000 datapoints and connects to 12 substations at 220kV, 62 substations at 110kV, and over 3,000 medium voltage switching devices. EVNHCMC has been able to remotely operate all 22kV circuit breakers, monitor the grid in real-time, and handle 91% of the incidents on their 22kV grid through automation in 2023.

The delegation also discussed future plans to expand the SCADA and FLISR systems, aiming to enhance the resiliency and efficiency of the power network further. It’s critical that EVNHCMC deliver high-quality, reliable power to support the city’s citizens, to attract and retain commercial and industrial enterprises to the city, and to uphold electricity’s important role in economic, social, and political stability.

To commemorate EVNHCMC’s outstanding achievements in grid modernization and reliability, Survalent presented them with the Survalent 2024 Industry Leadership Award. This award recognizes select utilities that demonstrate leading-edge utility processes, and extraordinary commitment to maximum reliability, resiliency, and to future grid advancements.

Survalent looks forward to building on this strong foundation, continuing to support EVNHCMC in their pursuit of innovation and excellence in power grid modernization.

About Survalent:
Survalent is the most trusted provider of ADMS and DERMS for electric, water/wastewater, oil & gas, renewable energy, and transit utilities across the globe. More than 800 utilities in 40+ countries rely on SurvalentONE ADMS and DERMS solutions to operate, monitor, analyze, restore, and optimize operations and better integrate renewable resources into their network. Our SCADA, OMS, and DMS solutions enable utilities to significantly increase reliability & resiliency, customer satisfaction, and operational efficiencies. Our DERMS solution enables utilities to monitor, control, report on, plan and optimize renewable energy assets in the grid. Our comprehensive substation automation solution, StationCentral, delivers real-time control and monitoring to help utilities enhance network performance and protect their investment in mission-critical substations. Our unwavering commitment to excellence and to our customers has been the key to our success for over 60 years.

To learn more about Survalent, please visit http://www.survalent.com or contact:

Debbie Gallo
VP, Marketing
press@survalent.com
(905) 285-9528

Media Contact

Survalent Press, Survalent, 905-826-5000, press@survalent.com, https://www.survalent.com/

View original content to download multimedia:https://www.prweb.com/releases/evn-ho-chi-minh-city-reinforces-its-commitment-to-maximum-reliability-and-resiliency-302296737.html

SOURCE Survalent

Technology

The Goodman Group Announces Kevin Carden as Vice President of Investments

Published

16 mins ago

November 6, 2024

CHASKA, Minn., Nov. 6, 2024 /PRNewswire/ — The Goodman Group has appointed Kevin Carden as vice president of investments at JBG Design & Development, an affiliate specializing in interior design services, project planning, development, acquisitions, and renovation services for The Goodman Group’s managed communities.

The Goodman Group has appointed Kevin Carden as vice president of investments at JBG Design & Development.

Founded in 1965, The Goodman Group is a recognized national leader in developing and managing senior living and health care communities, residential communities, and commercial properties. With over 65 properties across eight states, the company provides homes for over 10,000 residents and employment for over 4,000 individuals. Platinum Service® is the customer philosophy of The Goodman Group and serves as each managed community’s ongoing commitment to residents and families to deliver the highest-level quality of service.

Carden holds a master’s degree in business administration with a focus on finance and international business and brings more than 25 years of experience in sourcing and completing real estate investments, conducting market research, and leveraging strategic investment platforms, particularly in the senior living industry. Carden will lead the origination, evaluation, and execution of beneficial acquisition and development opportunities for The Goodman Group and its managed partnerships, including The Goodman Family Operating Foundation (TGFOF).

The Goodman Group’s investments are focused in both senior living and residential properties, as well as for-profit ventures and not-for-profit initiatives. The company aims to achieve strategic growth through the management and development of extraordinary communities, innovative technologies, and life enriching programs and services, while remaining committed to its mission and the mission of its nonprofit partners.

“I’m very excited to join The Goodman Group. I believe that The Goodman Group’s ability to self-fund the entire equity stack, hold and execute long-term strategies, access tax-exempt financing for its partners, and maintain traditions of high-quality resident service for over half a century, uniquely positions the organization and its partners to aggressively pursue and complete acquisition and development opportunities,” Carden says. “The Goodman Group is a long-standing organization with continual growth, and I’m excited to be part of the acquisitions and developments that are to come.”

With careful consideration of third-party management opportunities, The Goodman Group will continue contributing to its legacy, building relationships, and planning for the future. The company takes pride in expanding its portfolio through acquisitions and new developments in select markets.

View original content:https://www.prnewswire.com/news-releases/the-goodman-group-announces-kevin-carden-as-vice-president-of-investments-302297005.html

SOURCE The Goodman Group