CHICAGO, April 10, 2025 (GLOBE NEWSWIRE) -- One year ago, TransUnion (NYSE:TRU) introduced its transformative OneTru™ solution enablement platform for managing, governing, analyzing and delivering data, identity and insights. Today, OneTru delivers on its promises, accelerating and expanding the pace and breadth of the company's innovation. Over the course of 2024 and early 2025, OneTru capabilities have powered several of TransUnion's B2B product lines: TransUnion's alternative lending bureau is now enable ...

Solution enablement platform strengthens analytics, credit risk, fraud prevention and marketing offeringsCHICAGO, April 10, 2025 (GLOBE NEWSWIRE) -- One year ago, TransUnion (NYSE: TRU) introduced its transformative OneTru™ solution enablement platform for managing, governing, analyzing and delivering data, identity and insights. Today, OneTru delivers on its promises, accelerating and expanding the pace and breadth of the company’s innovation. Over the course of 2024 and early 2025, OneTru capabilities hav ...

Core Insights - The report highlights that 17% of Canadians reported losing money due to fraud in the past year, with a median loss of $2,013 [1][2] - Digital fraud targeting Canadians has increased, with 56% of surveyed individuals indicating they were targeted through various channels [2][4] - Phishing emerged as the most common fraud method, affecting 43% of those targeted [7][8] Fraud Statistics - 9% of Canadians who were targeted by fraudsters fell victim to the schemes [2] - 39% of respondents cited fraud concerns as the primary reason for abandoning online shopping carts [5][6] - 46% prioritize the security of personal data over cost savings and quality when choosing online businesses [6] Industry-Specific Insights - The gaming sector experienced the highest rate of suspected digital fraud attempts at 11.1%, an 80% increase from 2023 [8][10] - The logistics industry saw a significant year-over-year increase in suspected fraud attempts, up 203%, although the overall rate was modest at 1.9% [9][10] - Telecommunications experienced the largest decrease in suspected fraud attempts, down 88% from the previous year [9][10] Consumer Behavior - 70% of Canadians indicated that fraud concerns would deter them from returning to a website [6] - 51% of those affected by fraud contacted relevant companies, while 48% placed a freeze on their credit [6][12] - 13% of victims took no action after discovering they had been defrauded [4][12] Fraud Methods - Smishing (fraudulent text messages) accounted for 40% of reported fraud attempts, while vishing (fraudulent phone calls) made up 35% [13] - Third-party seller scams on legitimate online retail websites were reported by 19% of respondents [13] Conclusion - The findings underscore the growing prevalence of digital fraud in Canada, with significant implications for consumer behavior and industry practices [1][2][4]

The acquisition meets growing demand for personalized credit experiences online CHICAGO, April 01, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE:TRU) today announced the completion of the acquisition of Monevo from Quint Group Limited. The news follows January's announcement that TransUnion had signed a definitive agreement to acquire U.K.-based Monevo, a credit prequalification and distribution platform that empowers lenders and banks to deliver highly personalized credit offers to consumers via comparison web ...

CHICAGO, March 31, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) will publish its financial results for the first quarter ended March 31, 2025, in a press release to be issued at approximately 6:00 a.m. Central Time (CT) on Thursday, April 24, 2025. The company will hold a conference call on the same day at 8:30 a.m. (CT) to discuss its financial results. The press release and a live webcast of the earnings conference call will be available on the TransUnion Investor Relations website at http://www.transu ...

Core Insights - The volume of U.S. data breaches decreased in 2024, but the severity of these breaches reached unprecedented levels since TransUnion began tracking in 2020 [1][5] Data Breach Volume and Severity - In 2024, primary data breaches fell to 2,577 from 2,842 in 2023, while third-party data breaches dropped significantly to 515 from 2,731 [2] - The severity of data breaches increased by 34%, with the primary U.S. Breach Risk Score rising from 4.1 to 5.6 and the third-party score increasing from 4.2 to 5.2 [2][5] Types of Data Breaches - Primary data breaches are direct attacks on organizations, while third-party breaches involve access through vendors or suppliers [3] - The 2024 breaches targeted higher-quality credentials, with consumers facing data harvesting scams across multiple channels [4] Financial Impact on Consumers - A survey indicated that 29% of consumers lost money due to various types of fraud, with a median loss of $1,747 [8] Digital Fraud Trends - Communities and video gaming were among the top industries targeted by suspected digital fraud, with communities experiencing a 12% fraud attempt rate [9][14] - The logistics industry saw the greatest increase in suspected digital fraud volume, up over 100% from 2023 [10][14] Consumer Awareness and Experience - In the U.S., 11% of respondents reported being targeted by fraud, with smishing being the most common scheme [14][15] - Nearly half of the respondents (48%) claimed they were not targeted by fraud, raising questions about awareness [16]

CHICAGO, March 26, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced today it completed a FedRAMP® Ready assessment for TruValidate™ solutions for government, which help public agencies interact with American public users to help protect against fraud. The Federal Risk and Authorization Management Program (FedRAMP) is a government-wide program that provides a standardized approach to security assessment, authorization and continuous monitoring for cloud products and services.1 Achieving FedRAMP comp ...

Core Insights - TransUnion has completed a FedRAMP® Ready assessment for its TruValidate™ solutions aimed at helping government agencies protect against fraud [1][3] - FedRAMP compliance is essential for federal contracts utilizing advanced cloud technologies, with various states also adopting these standards [2] - The TruValidate Identity Verification product enhances user experience for legitimate constituents while effectively identifying fraudulent activities [4][5] Company Overview - TransUnion is a global information and insights company with over 13,000 employees operating in more than 30 countries, focusing on providing reliable consumer representations in the marketplace [6] - The company aims to extend its solutions beyond core credit services into areas such as marketing, fraud prevention, risk management, and advanced analytics [6] Product Details - TruValidate offers a suite of configurable applications that leverage high assurance telephony and alternative identity data to meet NIST identity assurance levels [5] - The product is designed to streamline the identity verification process for government programs, reducing the effort required for legitimate users while enhancing fraud detection capabilities [4][5] Compliance and Security - TransUnion is pursuing FedRAMP Certification with a focus on using mature and tested tools, with assessments conducted by a recognized Third-Party Assessment Organization [3] - The company’s data security and compliance infrastructure aligns with the needs of federal and state agencies, facilitating rapid deployment of its solutions [5]

Core Insights - TransUnion Canada is enhancing credit access for new Canadians and those new to the credit market through the TruVision Trended Risk Score, which provides a comprehensive view of payment behavior and creditworthiness [1][9] - The TruVision Trended Risk Score utilizes new algorithms and data to better predict future risk for New-to-Credit consumers, enabling lenders to confidently offer credit [1][2] Group 1: Market Trends - New Canadians and young consumers are a significant part of Canada's population growth, with international migration accounting for 92% of growth in Q3 2024 [2] - In 2024, New-to-Credit consumers represented 28% of new credit cards opened and 22% of all credit products, with new Canadians estimated to account for over half of that volume [2] Group 2: Consumer Behavior - Gen Z Canadians, born between 1997 and 2012, are the fastest-growing segment in credit card usage, showing an 18% year-over-year growth in balances, with total credit balances reaching $142 billion as of December 2024 [3] - This generation's credit balance growth significantly outpaces the overall growth rate of 4.5% [3] Group 3: Risk Assessment - Gen Z consumers exhibit a higher risk profile, with a delinquency rate of 0.57%, compared to an average of 0.28% for other generations as of Q4 2024 [4] - Lenders can still target this demographic for growth by employing effective credit decisioning tools to manage associated risks [4][5] Group 4: Strategic Insights - In a challenging macroeconomic environment, lenders are encouraged to modernize credit strategies to extend credit to young Canadians and new immigrants [5] - Companies that adapt to rapid changes in consumers' financial health will be better positioned to capture emerging consumer segments [5]

Core Insights - The phone remains a critical tool for businesses, with 86% of decision-makers agreeing it is the most important outbound channel for customer service and revenue growth [1][2] Study Overview - The study surveyed 719 decision-makers responsible for outbound call strategies, highlighting issues such as inaccurate customer contact data and call spoofing threats [2][11] - Compared to 2022, companies made 26% fewer calls while increasing the use of digital channels, yet the phone is still preferred for urgent customer service and personal matters [3][7] Importance of Communication Solutions - 75% of decision-makers believe accurate caller information is vital for enhancing customer engagement and increasing answer rates [4][5] - Key features for improving customer engagement include accurate caller ID (75%), protection against call spoofing (67%), indication of authenticated calls (62%), and displaying logos on outbound calls (58%) [5] Fraud and Call Spoofing Concerns - 80% of decision-makers reported an increase in customer service inquiries due to call spoofing, leading to higher operational costs [6] - 72% observed a decline in customer trust due to call spoofing, negatively impacting retention [7] - 55% of decision-makers indicated their current technologies lack adequate protection against call spoofing, an increase from 38% since 2022 [7] Recommendations for Improvement - Businesses can enhance customer experience by focusing phone use on urgent and personal matters and respecting individual contact preferences [8]