The rate of suspected digital fraud attempts from Kenya in Q2 decreased by 27% compared to the same period last year, while there was a 14% drop globally. This is according to TransUnion’s quarterly fraud analysis.
The largest declines from Kenya-based transactions came from communities (which include online forums and dating) (-70%), telecommunications (-42%) and insurance (-20%).
The industry that saw the biggest increase in suspected digital fraud attempts coming from Kenya was logistics, which increased 61%. The most common fraud type here is shipping fraud, where buyers spoof shipping addresses, or a seller receives payment for goods or services, but never ships the goods to the buyer. Other Kenyan industries with increases were gambling (36%) and retail (23%).
TransUnion’s data on fraud against businesses is based on intelligence from billions of transactions and more than 40,000 websites and apps contained in its flagship identity proofing, risk-based authentication and fraud analytics solution suite – TransUnion TruValidate™.