{"id":3153,"date":"2025-10-08T14:56:39","date_gmt":"2025-10-08T14:56:39","guid":{"rendered":"https:\/\/ft365.org\/index.php\/2025\/10\/08\/digital-fraud-costs-companies-worldwide-7-7-of-annual-revenue\/"},"modified":"2025-10-08T14:56:39","modified_gmt":"2025-10-08T14:56:39","slug":"digital-fraud-costs-companies-worldwide-7-7-of-annual-revenue","status":"publish","type":"post","link":"http:\/\/ft365.org\/index.php\/2025\/10\/08\/digital-fraud-costs-companies-worldwide-7-7-of-annual-revenue\/","title":{"rendered":"Digital Fraud Costs Companies Worldwide 7.7% of Annual Revenue"},"content":{"rendered":"<div id=\"cphContent_pnlArticleBody\" data-layout-id=\"2\" data-edit-folder-name=\"text\" data-index=\"0\">\n<p>A sharp rise in digital fraud is costing companies worldwide an average of 7.7% of annual revenue, according to TransUnion\u2019s<em> H2 2025 Update: Top Fraud Trends<\/em>\u00a0report.<\/p>\n<p>The study, published today, estimates that businesses lost a combined $534bn over the past year, based on surveys of 1200 business leaders across six countries.<\/p>\n<h2>US Businesses Hit Hardest<\/h2>\n<p>In the US, companies reported even steeper losses, averaging 9.8% of revenue, representing a 46% increase since 2024 and 27% above the global average. Among 200 surveyed US executives, this translates to an estimated $114bn in losses.<\/p>\n<p>\u201cFraudsters are exploiting every digital touchpoint, from account creation to login and transaction,\u201d\u00a0said Steve Yin, TransUnion\u2019s global head of fraud.<\/p>\n<p>\u201cThe financial impact is staggering, and organizations must rethink how they verify identity and secure customer interactions.\u201d<\/p>\n<p>The report highlights that as losses mount, fraud is becoming more complex and diverse.<\/p>\n<p>The leading causes of business fraud worldwide were:<\/p>\n<ul>\n<li>\n<p>Scam\/authorized fraud (24%)<\/p>\n<\/li>\n<li>\n<p>Synthetic identity fraud (20%)<\/p>\n<\/li>\n<li>\n<p>Account takeover (20%)<\/p>\n<\/li>\n<\/ul>\n<h2>Account Takeover Fraud Surges<\/h2>\n<p>In the US, account takeover has surpassed other types of fraud as the most damaging, accounting for 31% of reported losses. Synthetic identity fraud followed at 24%, with scams and authorized fraud close behind at 23%.<\/p>\n<p>Globally, account takeover volume rose 21% between H1 2024 and H1 2025 and has surged 141% since 2021, signaling a sustained and worrying trend.<\/p>\n<p><em>Read more on global cybercrime trends: Retail Ransomware Attacks Jump 58% Globally in Q2 2025<\/em><\/p>\n<p>\u201cAs account takeover fraud surges, businesses can no longer afford solely reactive defenses,\u201d\u00a0Yin said.<\/p>\n<p>\u201cProtecting customer accounts is not just a priority \u2013 it\u2019s a business imperative.\u201d<\/p>\n<h2>Consumers Face Expanding Digital Threats<\/h2>\n<p>TransUnion\u2019s survey of consumers in 18 countries found that 48% were targeted by fraud attempts between February and May 2025, while 52% were unaware.<\/p>\n<p>Common scams included smishing (36%), phishing (34%) and vishing (33%). In the US, 51% of consumers said they had been targeted, most often by phishing or smishing, while 49% were unsure whether they had been attacked.<\/p>\n<p>India, South Africa and Guatemala reported the highest percentages of people who fell victim to fraud in H1 2025.<\/p>\n<p>\u201cIt\u2019s more important than ever for consumers to regularly review their credit reports,\u201d\u00a0said Margaret Poe, TransUnion\u2019s head of consumer credit education.<\/p>\n<p>\u201cThose who suspect they\u2019ve been targeted should [&#8230;] also consider placing a credit freeze.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>A sharp rise in digital fraud is costing companies worldwide an average of 7.7% of annual revenue, according to TransUnion\u2019s H2 2025 Update: Top Fraud Trends\u00a0report. The study, published today, estimates that businesses lost a combined $534bn over the past year, based on surveys of 1200 business leaders across six countries. US Businesses Hit Hardest<\/p>\n","protected":false},"author":2,"featured_media":3154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"featured_image_urls":{"full":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"thumbnail":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7-150x150.jpg",150,150,true],"medium":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"medium_large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"1536x1536":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"2048x2048":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"morenews-featured":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"morenews-large":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"morenews-medium":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7.jpg",300,300,false],"crawlomatic_preview_image":["http:\/\/ft365.org\/wp-content\/uploads\/2025\/10\/3153-b46d188a-e9b6-4a39-a8f2-e7b84c17a0c7-146x146.jpg",146,146,true]},"author_info":{"display_name":"henry","author_link":"http:\/\/ft365.org\/index.php\/author\/henry\/"},"category_info":"<a href=\"http:\/\/ft365.org\/index.php\/category\/uncategorized\/\" rel=\"category tag\">Uncategorized<\/a>","tag_info":"Uncategorized","comment_count":"0","_links":{"self":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts\/3153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/comments?post=3153"}],"version-history":[{"count":0,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/posts\/3153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/media\/3154"}],"wp:attachment":[{"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/media?parent=3153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/categories?post=3153"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/ft365.org\/index.php\/wp-json\/wp\/v2\/tags?post=3153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}