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DATA breaches that led to stolen credentials caused 8.3 percent of all digital transactions in the Philippines to be deemed fraudulent, according to the latest TransUnion report. TransUnion said in its 2024 State of Omnichannel Fraud Report that this was 66 percent higher than the global average which is pegged…
ELECTRONIC commerce transactions made by Filipinos during this year’s Black Friday Sale were not marked safe from fraud, according to latest data from TransUnion LLC. Based on proprietary insights from the firm’s global device risk consortium, the analysis found that 12.8 percent of e-commerce transactions in the country between November…
AS suspected global digital fraud was seen higher in the first half of 2023, a recently issued analysis by TransUnion LLC revealed that the insurance industry’s attempt rate was lower compared to its retail and video gaming industries. “When the consumer is located in the Philippines during the transaction, among…
As consumers and businesses continue to engage in commerce, fraudsters are increasingly using digital transactions for their own benefit, a new report said.