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Cyber Security

The war against the virus also fueling a war against digital fraud

TransUnion’s latest analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters are increasing their rate of digital schemes against businesses. The percent of suspected fraudulent digital transaction attempts against businesses worldwide increased 46% when comparing the following two periods: Period #1 (March 11, 2019 and March 10, 2020) In the U.S., this percentage increased 22% in the same timeframe. More than one in three global consumers have recently been targeted by digital fraud related to the pandemic. Gen Z, those born 1995 to 2002, is currently the most targeted out of any generation.

Source: https://www.helpnetsecurity.com/2021/03/26/war-against-digital-fraud/

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