All news with #transunion 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.

TransUnion Breach Exposes Data of 4.5 Million US Consumers

🔐 TransUnion has disclosed unauthorized access to a third-party application serving its US consumer support operations, affecting nearly 4.5 million Americans. The company says the incident exposed specific personal data elements but did not include credit reports or core credit information. Detected July 30 after an intrusion on July 28, TransUnion is offering free credit monitoring and proactive fraud assistance while it enhances security controls.