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Fraud Costs Businesses Nearly 8% of Their Equivalent Revenues Globally, TransUnion Reports
Globenewswire· 2025-10-08 12:00
CHICAGO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Fraud is draining business resources at an alarming and unprecedented rate. According to TransUnion’s (NYSE: TRU) newly released H2 2025 Update to the Top Fraud Trends Report, companies worldwide lost 7.7% of their annual revenue on average due to fraud over the past year, representing an estimated $534 billion across the 1,200 business leaders surveyed. In the U.S., business leaders reported their companies lost (on average) the equivalent of 9.8% of revenue due t ...
Canadian Business Leaders Say Fraud Cost Their Businesses 7.2% of Equivalent Revenues; Synthetic Identity Fraud Losses Surge – TransUnion Study
Globenewswire· 2025-10-08 10:00
TransUnion’s latest study reveals 200 Canadian business leaders surveyed said their companies lost an estimated CAD$111 billion to fraud in the past year, with synthetic identity scams now accounting for over a quarter of those losses. More than a tenth of both online communities and gambling transactions coming from Canada were suspected of digital fraud in the first half (H1)1 of 2025 – with online communities experiencing a 68% year-over-year (YoY) increase in the volume of attempts. Key Study Findings: ...