Digital fraud attempts increased 1% in Colombia

While the attempts to digital fraud increased 1% in the second quarter of this year in Colombia, in the world they experienced a reduction of 14%.

According to the most recent study ‘Consumer Pulse’ of the credit bureau (US credit reporting agency) TransUnion, despite the general increase of 1% in attempted digital fraud in Colombia, the largest decreases in the country were those of online games (-81%), retail (retail or retail trade) (-56%), telecommunications (-36%) and financial services (-33%).

(Read: Motorola seeks to impact the ‘high-end’ segment).

The community industry, i.e. online dating, forums, etc., grew the most (38%), focused on misprofiling fraud. In this type of fraud, a user publishes inaccurate information in a profile and/or uses false profile photos, according to the credit bureau.

These figures are derived from TransUnion’s quarterly analysis of business fraud, based on TransUnion TruValidate product development, intelligence of billions of transactions and more than 40,000 websites and applications contained in its flagship suite of solutions for proof of identity, risk-based authentication and fraud analysis, among other aspects.

According to the firm, digital fraud continues to be a constant in the lives of many Colombian consumers.

TransUnion’s latest Consumer Pulse study found that 31% of adults in Colombia have experienced digital fraud attempts, while el 7% were victims of fraud such as phishing (deception through text messageschat or emails to get people to share their passwords, credit card numbers, etc), identity theft or other.

(Also: Truths and lies about the digital income statement).

At a global level, the high level of growth in fraud attempts continues to be of concern digital against the insurance industry, which went from 134% (in the first quarter of 2022) to 159% (in the second quarter of 2022).

The industries that saw the largest decreases in the alleged digital fraudulent activity rate, from the second quarter of 2021 to the second quarter of this year, were those associated with activities such as online gaming, travel and entertainment, as well as retail.

(Keep reading: 306 ventures have been accelerated in 12 departments).

TransUnion only saw an increase in the insurance and logistics sector during this time period.

BRIEFCASE