New TransUnion Analysis Finds 2.6% of Canada’s Attempted Ecommerce Transactions Between US Thanksgiving and Cyber Monday Suspected to be Fraudulent
TransUnion (TRU)
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Source: GlobeNewswire
TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- As Canadians took advantage of retail deals offered between 28 November (US Thanksgiving) and 2 December (Cyber Monday), a new analysis from TransUnion® (NYSE: TRU) found that 2.6% of attempted consumer ecommerce transactions in Canada were suspected to be Digital Fraud during this holiday shopping period. This was up 51% from 1.7% over the US Thanksgiving period last year. The analysis reviewed attempted ecommerce transactions from across the globe and found that 4.6% of transactions worldwide were suspected to be Digital Fraud over this time period – colloquially known as the Cyber Five. Based on proprietary insights from TransUnion’s global intelligence network, TransUnion found that the global suspected Digital Fraud rate was down from 6.0% during the same period in 2023. The study determined that the average volume of suspected Digital Fraud attempts on any given day during that holiday period globally was 30.2% lower than it was in
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