E-fraud attempts surge ahead of holidays

E-fraud attempts surge ahead of holidays – report

By Eireene Jairee Gomez

Jan 04, 2023 12:26 am

SUSPECT e-commerce transactions increased by 70 percent year on year ahead of the holiday season in the Philippines, information solutions provider TransUnion said last month.

In a December 15 report, TransUnion said that analysis using its TruValidate solutions suite found that 4 percent of Philippine e-commerce transactions made before Black Friday, November 24 and Cyber Monday, November 28, were suspected to be fraudulent.

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