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Why online fraud attempts are up 25% in the US

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From identity theft to phishing attempts, the number of digital fraud attempts in the U.S. is up 25.07% in the first four months of 2021, compared to the last four months of 2020. 

That’s according to a new report from TransUnion, which found that when looking at specific industries, digital fraud attacks against financial services companies increased 109% in the U.S. during that same period. Globally, fraud attempts in this industry were up 149%.

TransUnion defines digital fraud as any online scams or fraudulent transactions. That includes schemes where fraudsters attempt to steal personal information through social media networks and online sites and phishing attempts, which occur when cyber criminals send fake emails to you that either attempt to retrieve personal information or infect a device with malware.

“Part of the reason why we’re still seeing an uptick is because, globally, we’re opening up more, businesses are opening up more. You can dine…

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