Core Insights - In H1 2024, Canada experienced a notable rise in suspected Digital Fraud, with 5.74% of all digital transactions being flagged as fraudulent, marking an 11% increase from H1 2023 [2][4] - Over half (54%) of Canadians reported being targeted by fraud attempts, with phishing being the most prevalent method [3][4] - Canadian businesses incurred approximately 6% revenue loss, equating to $78 billion, due to fraud over the past year [4] Digital Fraud Statistics - The volume of suspected Digital Fraud attempts from Canada increased by 11% YoY in H1 2024, despite only a 0.7% increase in overall transaction volume [2] - The top three industries with the highest rates of suspected Digital Fraud attempts from Canada in H1 2024 were Gambling (9.6%), Retail (9.2%), and Government (7.7%) [5] - The industries with the highest YoY increase in suspected Digital Fraud attempts were Logistics (172.9%), Gambling (79.3%), and Video Gaming (67.8%) [5] Business Impact - Canadian business leaders reported that the most significant causes of fraud loss included Scam/Authorized fraud (31%), Account takeover (19%), and Synthetic identity fraud (18%) [4] - The increase in digital transactions and fraud attempts is leading to potential revenue losses and higher operational costs for businesses [4][6] Fraud Prevention Recommendations - Businesses are encouraged to adopt fraud prevention technologies such as identity verification, IP intelligence, and synthetic identity detection to mitigate risks [6]

CHICAGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- While consumers have grown accustomed to on-demand services, like ridesharing and food delivery, they are also increasingly open to participating in the gig economy as workers. More than half of U.S. adults (62%) now earn money working for one or more gig platforms, according to new TransUnion (NYSE: TRU) research. Across generations, over one-third (37%) reported gig work as a primary source of income. Millennials lead this group with more than half (55%) leveragi ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the ...

Group 1 - TransUnion (NYSE: TRU) is experiencing a resurgence in its fundamentals and share price, which has more than doubled since reaching a low of $44.30 on October 30, 2023 [1]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor. It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zac ...

CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) will publish its financial results for the third quarter ended September 30, 2024, in a press release to be issued at approximately 6:00 a.m. Central Time (CT) on Wednesday, October 23, 2024. 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 ...

CHICAGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced today that it is strengthening its partnership with leading income and employment verification provider, Truework. The new arrangement enables a single-click solution, via TransUnion third-party platform integration, for a deeper resident screening workflow that adds a powerful income and employment verification waterfall. The enhanced Truework and TransUnion collaboration now offers the only platform integrated solution to return ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Styl ...

CHICAGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- The newly released Q3 2024 Credit Union Market Perspectives Report from TransUnion (NYSE: TRU) found that balances continue to rise across all credit products, led by share growth among consumers in the super prime and subprime risk tiers. Among credit unions, balances grew among all consumer lending areas in Q2 2024. Growth ranged from 2.7% in credit union auto balances up to 14.4% for home equity loan balances as borrowers continue tapping into the equity in the ...

Core Viewpoint - TransUnion (TRU) has demonstrated strong performance in the market, with a notable increase in share value and impressive financial results for the second quarter of 2024, indicating a solid competitive position and growth strategy. Financial Performance - TRU's adjusted earnings for Q2 2024 were 99 cents per share, exceeding consensus estimates by 1% and reflecting a year-over-year increase of 15.1% [2] - Total revenues reached $1 billion, surpassing consensus by 1.6% and growing 7.5% compared to the same quarter last year [2] Competitive Advantage - The company's extensive data assets serve as a significant competitive advantage, making it challenging for new entrants to replicate [3] - TRU's acquisition strategy has been crucial for growth, focusing on unique data assets and expanding capabilities in various markets [4] Strategic Acquisitions - In 2022, TRU acquired Verisk Financial Services for $515 million, enhancing its insights and solutions for financial inclusion and fraud mitigation [5] - The acquisition of Neustar in 2021 strengthened TRU's position in digital marketing and identity fraud sectors, contributing to portfolio diversification [5] Liquidity Position - TRU's current ratio at the end of Q2 2024 was 1.66, indicating a strong ability to cover short-term liabilities, up from 1.65 in the previous quarter and 1.51 a year ago [6] Market Conditions - TRU's performance is influenced by macroeconomic factors such as interest rates, employment levels, and consumer confidence, which can impact revenue generation [7] - The demand for information services in various industries, including insurance and healthcare, may also affect TRU's financial outcomes [7] Competitive Landscape - The company faces significant competition across different business segments and geographical markets, which limits pricing power and impacts profitability [8]