All news with #synthetic identity tag

Rising Digital Fraud Costs Companies 7.7% of Revenue

📈 TransUnion's H2 2025 update warns that rising digital fraud is costing firms an average of 7.7% of annual revenue, amounting to an estimated $534bn in global losses. US businesses reported heavier impacts — 9.8% of revenue, or roughly $114bn — driven by a surge in account takeover and synthetic identity fraud. The report urges firms to move beyond reactive defenses and strengthen identity verification across digital touchpoints.