One Year after COVID-19 Pandemic Declared, New TransUnion Research Shows Digital Fraud Attempts from Canada Have Increased
Rate of digital fraud attempts against businesses up 26% from Canada when comparing pre-pandemic to pandemic levels
TORONTO, April 06, 2021 (GLOBE NEWSWIRE) TransUnion’s (NYSE: TRU) latest quarterly analysis of global online fraud trends found that since the COVID-19 pandemic began, fraudsters in Canada are increasing their digital schemes against businesses. In addition, TransUnion’s recent Canada Consumer Pulse Study found that 34% of Canadian consumers have recently been targeted by digital fraud.
TransUnion came to its conclusions about fraud against businesses based on intelligence from billions of transactions and more than 40,000 websites and apps contained in its flagship identity proofing, risk-based authentication and fraud analytics solution suite – TransUnion TruValidate™.