By: Manila Bulletin
Suspected online retail fraud coming from the Philippines at the start of the 2020 holiday shopping season showed a 33.41 percent decrease to 4.82 percent from 7.23 percent during the shopping holiday weekend in 2019, according to a report.
Still, Global information and insights provider TransUnion urged businesses to remain vigilant against digital fraud.
The findings are based on the online retail transactions TransUnion analyzed for its e-commerce customers during the traditional start of the holiday shopping season globally, from the US Thanksgiving Holiday (Nov. 26) to Cyber Monday (Nov. 30).
The decline in suspected fraud from the Philippines also mirrors the global rate which also slightly decreased from 15.70 percent during the 2019 early holiday shopping season to 15.54 percent during the same period in 2020.
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