Kenya: Digital fraud drops by 27% in second quarter of 2022

A TransUnion report shows that the rate of suspected digital fraud attempts from Kenya in the year “s second quarter decreased by -27 per cent compared to the same period last year The rate of suspected digital fraud attempts originating from Kenya declined across half of the industries tracked TransUnion observed the largest declines from Kenya- based…

•A TransUnion report shows that the rate of suspected digital fraud attempts from Kenya in the year’s second quarter (Q2) decreased by -27 per cent compared to the same period last year

•The rate of suspected digital fraud attempts originating from Kenya declined across half of the industries tracked

•TransUnion observed the largest declines from Kenya-based transactions in communities, which include online forums and dating at -70 per cent, telecommunications at -42 per cent and insurance at -20 per cent

A new report now shows that the rate of suspected digital fraud attempts from Kenya in the year’s second quarter (Q2) decreased by -27 per cent compared to the same period last year. The performance was against a -14 per cent decline shown globally.

According to TransUnion’s quarterly fraud analysis, the rate of suspected digital fraud attempts originating from Kenya declined across half of the industries tracked.

The rate of suspected digital fraud across all industries in Kenya decreased by 27 per cent. TransUnion observed the largest declines from Kenya-based transactions in communities, which include online forums and dating at -70 per cent, telecommunications at -42 per cent and insurance at -20 per cent.

The industry that saw the biggest …

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