Showing posts with label Online fraud. Show all posts
Showing posts with label Online fraud. Show all posts

Thursday, September 16, 2021

Online fraud attempts in telco drops by 98.7% - TransUnion


Efforts from various sectors to educate the public on protecting themselves online seem to be paying off with the recent drop in online fraud.   Information and insights firm TransUnion reported a 59.4% drop in suspected digital fraud attempts originating from the Philippines in the second quarter of the year.  The biggest impact was in telecommunications, with a 98.7% reduction. [1]

Although the country bucked the global trend which rose by 16.5% across industries, fraud attempts involving travel and leisure still surged by 198.5%, followed by communities which jumped by 163.8%, and gaming which went up by 51.4%.

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