Online Business Fraud Down, Consumer Fraud Up

Criminals are changing tactics to match changing business conditions in the coronavirus pandemic, according to a new report.

Dark Reading Staff, Dark Reading

August 26, 2020

1 Min Read
Dark Reading logo in a gray background | Dark Reading

As business begins to shift back to brick and mortar, fraudsters are shifting away from commercial targets to consumers. According to a new report on global online fraud trends, suspected fraudulent business transactions are down 9% from the beginning of the pandemic, while consumer-oriented fraud has increased 10% in roughly the same time.

The report, based on research conducted by TransUnion, found that the increase in consumer fraud was accompanied by an increase in fraud based on COVID-19 topics. The research, based on transactions from more than 40,000 websites and apps, also found that the decrease in business fraud was not evenly distributed.

Travel and leisure organizations saw an increase of 47% in fraud attempts between mid-March and late July, while healthcare saw a decrease of 18% in the same time.

For more, read here.

About the Author

Dark Reading Staff

Dark Reading

Dark Reading is a leading cybersecurity media site.

Keep up with the latest cybersecurity threats, newly discovered vulnerabilities, data breach information, and emerging trends. Delivered daily or weekly right to your email inbox.

You May Also Like


More Insights