Information and insights company TransUnion LLC (NYSE: TRU) released new findings around global e-commerce fraud that occurred during the start of the 2022 holiday shopping season.
INFORMATION and insights company TransUnion LLC released new findings around global e-commerce fraud that occurred during the start of the 2022 holiday shopping season.
The firm said these findings are based on intelligence from billions of transactions contained in the firm’s fraud analytics solution suite. TRU said the analysis determined that the average number of suspected digital fraud attempts on any given day during that holiday period globally was 38 percent lower than the same period in 2021 and 82 percent higher than during the rest of the year .
According to Pia L. Arrelano, head of TransUnion’s Philippine operations, “fraudulent activity tends to be particularly prevalent in online retail during the holiday shopping season.” TRU also revealed in the analysis the top types of potentially fraudulent e-commerce transactions during the holiday shopping season globally. This year, promotion abuse and account takeover were the leading types of fraud attempts.
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