TransUnion (NYSE:TRU)'s latest report revealed a significant rise in suspected digital fraud rates on Thanksgiving Day, with global figures peaking at 4.1%. In the United States, the rates were somewhat lower but still concerning, registering just over 3%. This data underscores the persistent threat of digital fraud activities, particularly during high-traffic holiday shopping periods.
The analysis by TransUnion, a consumer credit reporting agency, underscores the heightened vigilance required by both consumers and businesses during holidays known for increased online shopping. Despite ongoing efforts to combat digital fraud, these figures demonstrate the challenges facing cybersecurity measures.
The report's findings are critical for stakeholders in the e-commerce and cybersecurity industries, as they navigate a landscape where digital transactions continue to grow, bringing with them an increased risk of fraudulent activities.
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