SunStar Publishing Inc.
AS DIGITAL transactions become more prevalent in both consumer and business environments, the risk of fraud has also increased. A new report by TransUnion revealed that suspected global digital fraud grew in the first semester of the year to 5.3 percent from 4.5 percent in the same period last year.Retail and video gaming were the most targeted industries with suspected digital fraud globally at 10.6 percent and seven percent, respectively, followed by telecommunications at 5.3 percent.
Only then can one endeavor to develop a more comprehensive perspective on how digital fraud is impacting these industries. In addition, this can help project where fraudsters may be focusing their efforts moving forward, and help industries take the necessary steps to stay ahead of any developing threats.”Filipinos targeted by fraud Moreover, the study revealed that 71 percent of Filipino consumers report having been targeted by fraud.
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