Online bandits are decreasing their schemes against businesses but increasing COVID-19 scams aimed at consumers, according to a report released Tuesday by TransUnion.
Suspected fraudulent digital transactions against businesses worldwide dropped nine percent from the lockdown phase of the pandemic (March 11 to May 18) to the reopening phase (May 19-July 25), noted the quarterly report on global online fraud trends by the Chicago-based transaction security solutions provider.
That contrasts with surveys done by TransUnion for the weeks of April 13 and July 27, which found a 10 percent jump in consumers targeted by digital COVID-19 scams.
