COVID-19 online fraud trends: Industries, schemes and targets


The telecommunications, retail and financial services industries have been increasingly impacted by COVID-19 online fraud, according to TransUnion.

From a consumer perspective, Millennials have been most targeted by fraudsters using COVID-19 scams.

Overall, the percent of suspected fraudulent digital transactions rose 5% from March 11 to April 28 when compared to Jan. 1 to March 10, 2020. More than 100 million risky transactions from March 11 to April 28 have been identified.