According to recent report by TransUnion, digital fraud attempts from India decreased by 29 per cent as companies reopened their physical locations following the easing up of lockdown restrictions.

However, the report warned of a suspected rise in fraudulent transactions in logistics and financial services businesses.

The report noted that suspected online fraud from India against businesses increased by 121 per cent from right before the pandemic (January- March 10th) to the beginning of the pandemic (Phase-I from March 11th to May 18th).

Globally, however, the number of suspected fraudulent digital transactions against businesses decreased by 9 per cent from the beginning of the pandemic (March 11th – May 18th) to when businesses began reopening (May 19th – July 25th).