Welcome to our dedicated page for TransUnion news (Ticker: TRU), a resource for investors and traders seeking the latest updates and insights on TransUnion stock.
TransUnion (NYSE: TRU) is a leading global provider of credit information and risk management solutions, serving businesses and consumers across 30+ countries. This dedicated news hub delivers essential updates on corporate developments, financial performance, and strategic initiatives shaping the credit data industry.
Access real-time announcements including quarterly earnings disclosures, executive leadership changes, and technology partnerships. Our curated collection features press releases covering product launches like AI-driven fraud detection tools, expansion into new markets, and innovations in alternative credit scoring models.
Key updates include regulatory filings, merger & acquisition activity, and thought leadership content on financial inclusion trends. Investors will find comprehensive coverage of dividend declarations, share repurchase programs, and analyst commentary relevant to TRU's market position in the financial services sector.
Bookmark this page for streamlined access to verified TransUnion announcements. Check regularly for critical updates affecting credit reporting standards, data security enhancements, and emerging solutions in consumer finance technology.
TransUnion (NYSE:TRU) has completed its acquisition of Monevo, a UK-based credit prequalification and distribution platform, from Quint Group TransUnion previously held a 30% minority stake acquired in 2021. Monevo's platform connects over 150 banks and credit providers with comparison websites, enabling personalized credit offers primarily in UK and US markets.
The platform allows consumers to check their credit approval likelihood without impacting their credit scores. The acquisition aims to enhance TransUnion's portfolio and lending proposition, supporting their mission of making trust possible in global commerce.
The transaction was funded through existing cash-on-hand and is not expected to materially impact TransUnion's leverage, liquidity, or 2025 operating results. Financial terms were not disclosed.
TransUnion (NYSE: TRU) has scheduled the release of its first quarter 2025 financial results for Thursday, April 24, 2025. The company will issue a press release detailing the results at approximately 6:00 a.m. Central Time, followed by a conference call at 8:30 a.m. CT to discuss the financial performance. Investors and interested parties can access both the press release and a live webcast of the earnings conference call through TransUnion's Investor Relations website.
TransUnion (NYSE: TRU) reports a significant shift in U.S. data breach patterns in 2024. While the total number of breaches decreased to 2,577 primary and 515 third-party breaches from previous year levels, breach severity reached unprecedented levels since measurement began in 2020. The Breach Risk Score increased by 34%, with primary breaches rising to 5.6 and third-party to 5.2 on a 10-point scale.
The study revealed that 11% of U.S. respondents fell victim to digital fraud between August-December 2024, with a median loss of $1,747 per victim. Communities and video gaming sectors were most targeted, with nearly 12% and 11% of transactions respectively flagged as suspected fraud. The logistics industry saw the highest growth in fraud attempts, increasing over 100% year-over-year.
Smishing emerged as the most common fraud scheme in the U.S., targeting users through text messages to obtain personal information.
TransUnion (NYSE: TRU) has achieved FedRAMP Ready status for its TruValidate™ solutions for government in Q1 2025, marking a significant milestone in providing identity verification and fraud prevention services to public agencies. The Federal Risk and Authorization Management Program (FedRAMP) certification is mandatory for federal contracts using advanced cloud-based technologies.
The assessment includes rigorous security audits aligned with NIST standards and continuous monitoring requirements. TruValidate Identity Verification helps government agencies create efficient experiences for constituents while detecting fraud attempts through its Identity Graph technology. The solution is designed to protect against benefit theft and tax refund fraud while reducing verification friction for legitimate users.
TransUnion plans to expand its FedRAMP authorization process to include additional TruValidate and other solution lines in the future, strengthening its position in the public sector security infrastructure.
TransUnion (NYSE: TRU) released findings from a 2025 Forrester Consulting study highlighting the continued importance of phone communications in business. The study, surveying 719 decision-makers, revealed that 86% consider the phone as the most important outbound channel for customer service and revenue goals.
Despite a 26% decrease in overall call volume and increased use of digital channels, phone remains the preferred medium for urgent issues and personal matters. The research identified key challenges, with 80% of decision-makers reporting increased customer service inquiries due to call spoofing, and 72% noting declining customer trust.
Significantly, 75% of respondents emphasized the importance of accurate caller information for improving engagement. However, 55% of decision-makers reported inadequate call spoofing protection in their current technologies, an increase from 38% in 2022.
TransUnion (NYSE: TRU) has appointed Mohamed Abdelsadek as Executive Vice President and Chief Global Solutions Officer, effective March 10, 2025. Reporting to CEO Chris Cartwright, Abdelsadek will lead the Global Solutions team, focusing on advancing innovation and commercialization of TransUnion's global product portfolio.
Abdelsadek joins from Mastercard, where he served in executive roles for seven and a half years, including EVP of business & market insights, North America Services, and global strategy. His prior experience includes leadership positions at Synchrony Financial, GE Capital, and McKinsey & Company.
In his new role, Abdelsadek will be responsible for managing revenue growth and profitability through strategy, planning, innovation, and commercialization of TransUnion's products and solutions globally. He holds an MBA from Wharton, an MS in Computer Science from Columbia University, and a bachelor's degree in computer science and electrical engineering from SUNY Stony Brook.
TransUnion (NYSE: TRU) has released a new report revealing significant trust concerns in online dating platforms. The study shows that 85% of women and 87% of men want dating platforms to verify user information including age, photo recency, and location.
Only half of users found profiles accurately reflected people they met, with picture inaccuracy being the top complaint. Women were twice as likely to report age misrepresentation, while men reported more bait-and-switch incidents. Over 75% of users across demographics are willing to undergo background checks.
The report also highlighted concerning fraud statistics: 28% of users experienced catfishing, while 21% fell victim to romance scammers requesting money or personal information. About 25% of users would pay for their own background check, and 40% would pay for both themselves and potential matches. Only 15-18% believe background checks should be included in membership fees.
TransUnion (NYSE: TRU) warns of heightened tax fraud risks in 2025 following analysis of 2024 data breaches. The study revealed 970 data breaches exposing 640 million consumer records containing critical personal information needed for tax fraud.
Key findings show that 71% of data breaches in the first half of 2024 exposed full Social Security numbers, up from 57% in 2023. This exposed data enables fraudsters to file false tax returns or intercept legitimate returns through bank account access.
To combat this threat, TransUnion recommends government agencies implement call authentication and identity verification tools, particularly as 62% of consumers won't answer calls from unknown numbers. Banks are advised to verify payee-account matches and monitor for fraudulent account creation. Consumers are encouraged to regularly monitor bank activities and credit history, especially during tax refund periods.
TransUnion (NYSE: TRU) has expanded its partnership with Truework to enhance mortgage lending services through their TruVision™ Income and Employment Verification solution. The system provides comprehensive verification of income and employment (VOI/E) information via TransUnion API, featuring:
- Access to 48M+ active employee records for instant data verification
- Consumer-permissioned payroll covering 90% of US employers
- Automated HR department outreach
- 75% average completion rate
This expansion follows similar implementations in rental screening and auto lending. TransUnion is implementing a phased rollout including integrations with loan origination systems, point-of-sale systems, and GSE certifications, with an early adopter program available for mortgage and home equity lenders.
TransUnion (NYSE: TRU) has announced that Todd Cello, Executive Vice President and Chief Financial Officer, will be presenting at the RBC Capital Markets Global Financial Institutions Conference. The presentation is scheduled for Tuesday, March 4, 2025, beginning at 9:00 a.m. CT (10:00 a.m. ET).
Investors and interested parties can access a live webcast of the presentation through TransUnion's Investor Relations website at http://www.transunion.com/tru. For those unable to attend the live event, a replay will be made available on the same website following the conclusion of the presentation.