Fraud Costs Businesses Nearly 8% of Their Equivalent Revenues Globally, TransUnion Reports

Rhea-AI Summary

TransUnion (NYSE: TRU) reports global businesses lost an average of 7.7% of revenue to fraud in the past year (~$534B across surveyed leaders), while U.S. firms reported 9.8% lost—a 46% increase vs. 2024 and ~27% above the global average.

The update cites account takeover growth (volume +21% H1 2024→H1 2025; +141% since H1 2021), synthetic identity, and scam/authorized fraud as top loss drivers, and finds 77% of U.S. breaches in H1 2025 exposed full Social Security numbers.

Positive

• Global fraud loss estimated at $534 billion
• U.S. firms reported 9.8% revenue loss to fraud
• Account takeover volume rose 21% H1 2024→H1 2025
• Account takeover volume up 141% since H1 2021

Negative

• U.S. fraud loss rate 46% higher than in 2024
• U.S. fraud rate 27% above global average
• 77% of U.S. breaches in H1 2025 exposed full SSNs
• Account takeover responsible for 31% of U.S. fraud losses

Insights

Fraud Risk Analyst

Global business fraud losses are large and accelerating, with U.S. firms hit hardest and account takeover rising sharply.

TransUnion reports businesses lost an average of 7.7% of revenue to fraud globally, roughly $534 billion across surveyed leaders, while U.S. respondents reported 9.8% lost—about $114 billion among the 200 U.S. leaders surveyed. The data points show which fraud types drive losses: globally, scam/authorized fraud (24%), synthetic identity (20%), and account takeover (20%); in the U.S., account takeover leads at 31%, synthetic identity 24%, and scam/authorized fraud 23%. These figures quantify scale and the concentration of loss by fraud type.

The business mechanism is direct revenue erosion and increased operating cost for detection and remediation. The report also documents rising operational metrics: digital account takeover volume grew 21% from H1 2024 to H1 2025 and 141% from H1 2021 to H1 2025, and U.S. breaches in H1 2025 exposed full Social Security numbers in 77% of incidents. Those trends increase attack surface and likely raise authentication and fraud-prevention expenses.

Key dependencies and risks include continued growth in account takeover and synthetic identity activity, consumer under‑recognition of targeting (e.g., 49% of U.S. consumers unsure if targeted), and the high rate of full SSN exposure in U.S. breaches. Watch for follow-up metrics in the next H1/H2 cycle and for any published changes in breach composition; a near-term horizon to monitor is the next biannual update (H1 2026 or the next H2 update) for whether the reported trajectories moderate. Companies should track their internal loss-as-percent-of-revenue and account-takeover incidence quarter-to-quarter to compare against these benchmarks.

New data reveals U.S. companies lost an average of 9.8% of equivalent revenue to fraud—46% more than last year and 27% above the global average

CHICAGO, Oct. 08, 2025 (GLOBE NEWSWIRE) -- Fraud is draining business resources at an alarming and unprecedented rate. According to TransUnion’s (NYSE: TRU) newly released H2 2025 Update to the Top Fraud Trends Report, companies worldwide lost 7.7% of their annual revenue on average due to fraud over the past year, representing an estimated $534 billion across the 1,200 business leaders surveyed.

In the U.S., business leaders reported their companies lost (on average) the equivalent of 9.8% of revenue due to fraud in the past year—a staggering 46% increase when TransUnion surveyed business leaders in 2024. This rate is 27% higher than the global average of 7.7%, highlighting the disproportionate impact on U.S. companies. Among the 200 business leaders surveyed in the U.S., these losses amount to an estimated $114 billion among just those leaders surveyed, underscoring the urgent need for stronger fraud prevention strategies.

“Fraudsters are exploiting every digital touchpoint, from account creation to login and transaction,” said Steve Yin, global head of fraud at TransUnion. “The financial impact is staggering, and organizations must rethink how they verify identity and secure customer interactions. To stay ahead of increasingly sophisticated threats, businesses must embrace innovative thinking and deploy adaptive strategies that disrupt fraud at every stage of the consumer lifecycle.”

The report, which draws on proprietary data from TransUnion’s global intelligence network and surveys of business leaders in six countries and consumers across 18 countries, reveals that as monetary losses grow in scale, fraud is growing in sophistication and diversity. When the global business leaders were asked which fraud was the predominant cause of business loss in the past year, scam/authorized fraud (24%) was number one, followed by synthetic identity fraud (20%) and account takeover (20%).

Scams/Authorized Fraud Was the Top Reported Cause of Fraud Losses for Global Businesses, Followed Closely by Synthetic Identity Fraud and Account Takeover

Fraud Type	Percentage of Total (Global)	Percentage of Total (U.S.)
Scam/Authorized fraud —Dishonest scheme intended to trick a person into giving up something of value (e.g., account access, money, information)	24%	23%
Synthetic identity fraud —Use of a combination of personally identifiable information to fabricate a person or entity to commit a dishonest act for financial or personal gain	20%	24%
Account takeover —Unauthorized individuals taking over someone’s online account (e.g., bank, social media, email) without their permission	20%	31%
Application fraud (first-party) — Identity misrepresentation or falsifying information for the purpose of financial gain	16%	13%
Application fraud (third-party) — Use of stolen identity to open an account	16%	10%
Other	2%	1%

Source: TransUnion business survey

In the U.S., account takeover fraud has emerged as the most damaging fraud type for businesses, responsible for nearly one-third (31%) of all reported fraud losses in the past year. This was followed closely by synthetic identity fraud at 24% and scam/authorized fraud at 23%, both of which continue to pose serious threats.

While account takeover trails scam/authorized fraud globally, its growth trajectory is concerning. According to data from TransUnion’s customers in its global intelligence network, digital account takeover volume worldwide grew 21% from H1 2024 to H1 2025, signaling a rapid escalation. Looking further back, the volume of account takeover fraud surged 141% from H1 2021 to H1 2025, underscoring its persistent rise over time. This trend reflects the increasing sophistication of fraudsters who exploit stolen credentials and bypass authentication systems.

"As account takeover fraud surges, businesses can no longer afford solely reactive defenses,” said Yin. “The growing sophistication of fraudsters demands a proactive investment in layered security and identity intelligence. In today’s threat landscape, protecting customer accounts is not just a priority—it’s a business imperative."

Consumer Reported Exposure to Digital Fraud Grows Amid Gaps in Awareness and Prevention

Globally, consumers continue to face a wide range of scams, with tactics often tailored to regional behaviors and vulnerabilities. TransUnion’s survey across 18 countries found that 48% of global consumers reported being targeted by email, online, phone call, or text messaging fraud from February to May 2025, while 52% were unaware, indicating potentially concerning under-recognition. Among those who said they were targeted, the most frequently reported scams were smishing (36%), phishing (34%), and vishing (33%), all designed to deceive individuals into giving up their valuable personal or financial information. These scams are often powered by compromised identity data from breaches and dark web marketplaces.

U.S. consumers are being increasingly targeted by sophisticated fraud schemes that exploit digital vulnerabilities. Over half (51%) reported being targeted by scams via email, online platforms, phone calls, or text messages between February and May 2025. The most common fraud types were phishing and smishing, each cited by 46% of those targeted, followed by vishing.

Alarmingly, 49% of U.S. consumers were unaware of whether they had been targeted, highlighting a concerning potential gap in fraud awareness. The report also found that according to TransUnion’s global intelligence network, 77% of U.S. data breaches in H1 2025 exposed full Social Security numbers — the highest percentage in this research, which spanned a six-year period.

India, South Africa and Guatemala Saw the Greatest Percentage of Respondents Indicating They Fell Victim to Fraud in H1 2025

Country	Targeted and fell victim	Targeted but didn’t fall victim	Not targeted	Most reported fraud scheme
Botswana	6%	68%	26%	Money/gift card
Brazil	4%	23%	73%	Vishing
Canada	6%	40%	54%	Phishing & vishing (tie)
Chile	10%	31%	60%	Vishing
Colombia	9%	30%	61%	Smishing & vishing (tie)
Dominican Republic	11%	21%	69%	Money/gift card & third-party seller scams on legitimate sites (tie)
Guatemala	12%	23%	65%	Money/gift card & third-party seller scams on legitimate sites (tie)
Hong Kong	4%	33%	62%	Vishing
India	13%	40%	47%	Money/gift card
Kenya	10%	71%	19%	Vishing
Namibia	8%	57%	35%	Money/gift card
Philippines	9%	56%	35%	Phishing
Rwanda	9%	49%	42%	Money/gift card
South Africa	13%	46%	42%	Money/gift card
Spain	7%	21%	72%	Smishing
United Kingdom	5%	42%	53%	Phishing
United States	9%	42%	49%	Phishing & smishing (tie)
Zambia	9%	76%	15%	Money/gift card

Source: TransUnion consumer survey

“As scammers continue to evolve their tactics to enrich themselves, it’s more important than ever for consumers to regularly review their credit reports to ensure all listed information is accurate,” said Margaret Poe, head of consumer credit education at TransUnion. “Those who suspect they’ve been targeted or victimized by fraud should not only check their credit reports but also consider placing a freeze on their credit files with each of the major credit bureaus.”

TransUnion came to its conclusions about digital fraud and data breaches based on intelligence from its array of TransUnion fraud prevention solutions. To learn more about how TransUnion fraud prevention solutions can help businesses avoid fraud and prevent fraud losses, click here.

Specific country and regional data in the report includes the United States, Botswana, Brazil, Canada, Chile, Colombia, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Hong Kong, India, Kenya, Mexico, Namibia, Nicaragua, the Philippines, Puerto Rico, Rwanda, South Africa, Spain, the United Kingdom and Zambia. Download the TransUnion H2 2025 Update to the Top Fraud Trends Report for more information and insights about the global fraud trends.

About TransUnion (NYSE: TRU)

TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

http://www.transunion.com/business

Contact	Dave Blumberg
	TransUnion
E-mail	david.blumberg@transunion.com
Telephone	312-972-6646

      

FAQ

How much revenue did businesses lose to fraud in TransUnion's H2 2025 update?

TransUnion estimates businesses lost an average of 7.7% of revenue to fraud, about $534 billion across surveyed leaders.

What did TransUnion report about U.S. fraud losses (NYSE:TRU) in October 2025?

U.S. business leaders reported a mean loss of 9.8% of revenue to fraud in the past year, up 46% versus 2024.

Which fraud types drove losses in TransUnion's H2 2025 report?

Top global causes were scam/authorized fraud (24%), synthetic identity (20%), and account takeover (20%).

How fast is account takeover growing according to TransUnion?

Account takeover volume rose 21% from H1 2024 to H1 2025 and 141% since H1 2021.

What breach data did TransUnion highlight for U.S. incidents in H1 2025?

TransUnion's network found 77% of U.S. data breaches in H1 2025 exposed full Social Security numbers.

How much estimated fraud loss did the U.S. survey subset represent?

Among 200 U.S. business leaders surveyed, reported losses amounted to an estimated $114 billion.