EXPERTS KENYA Report Reveals Sectors With Highest Digital Fraud Rate in Kenya 6 months ago Samuel Post Views: 206 The rate of suspected digital fraud attempts in Kenyan logistics industries increased by 61.3% in the second quarter of 2022 – as compared to the same period in 2021. This is according to a report by the Transunion (TRU-NSYE) – an American consumer credit reporting agency that collects information about individual users spread in over 30 countries in the world. According to the survey, the shipping industry is among the most affected with several sellers and buyers complaining about cases where their shipment was not delivered to the agreed destination. Other leading sectors in terms of the increased rate of suspected digital fraud attempts include gambling and retail which registered a growth of 36% and 23% respectively. The travel and leisure industry also registered an increase of 13% in the rate of attempted fraud- according to the report. The survey further shows that the overall rate of suspected digital fraud cases in the country reduced by 27% in the second quarter of 2022. However, the rate of decrease in Kenya was lower than the average decrease in the world which stood at 14%. “The rate of suspected digital fraud attempts from Kenya in Q2(second quarter) decreased by 27% compared to the same period last year, compared to a 14 drop globally. The largest declines from Kenya-based transactions came from communities (which include online forums and dating) (70%), telecommunications (42%) and insurance (20%).” – the report states. According to the multinational agency- fraudsters are gradually shifting their attention to the insurance industry. The agency warned that digital fraudsters are shifting to various industries and such unsuspecting individuals could fall to the tricks. “We have observed interesting trends in the first half of 2022 with suspected fraudulent activity in the insurance industry continuing to be elevated,” – said Shai Cohen, senior vice president of global fraud solutions at TransUnion. “ At this time, we believe the insurance industry is seeing more ‘soft fraud’ because some consumers may be representing their policies incorrectly in an effort to save money, especially in a high inflation environment that places more pressure on their wallets.” The survey was conducted in countries drawn from all continents in the world including South Africa, Spain, India and Brazil. Among the countries which registered the highest increase in digital fraud include India which saw an increase of 132.6% and Namibia with a 36% rate. Source: kenyans.co.ke About Post Author Samuel I am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. See author's posts SamuelI am a journalist specializing in gambling in Africa and around the world. I am particularly interested in stories about games and casinos. Facebook Twitter LinkedIn Email Print Tags: igaming, Kenya, online fraud Continue Reading Previous Betika partners fast track to drive retention in AfricaNext The Good, the Bad, and the Ugly More Stories EXPERTS WORLD NEWS What does the UK’s involvement look like in African business today? 10 hours ago Szarlot EXPERTS NIGERIA GamStop And Responsible Gambling in Nigeria 12 hours ago Szarlot EXPERTS KENYA KRA gains more from gaming and betting collections 12 hours ago Iwo Bulski EXPERTS KENYA Betting firms inflating sponsorships to avoid taxes 12 hours ago Szarlot EXPERTS NIGERIA Is the Cryptocurrency Noise in Nigeria Gradually being Silenced? 1 day ago Samuel EXPERTS KENYA Kenyan Govt Invites Public Submissions in the Creation of National Lottery 2 days ago Szarlot EXPERTS KENYA Naira Marley advises Muslims to forget betting during Ramadan 2 days ago Samuel KENYA LOTTERIES Ruto boosts national lottery plan with two new Bills 3 days ago Szarlot EXPERTS WORLD NEWS Record 2022 numbers for Playtech 5 days ago Iwo Bulski BETTING EXPERTS Is Long-Term Betting a Smart Investment Strategy? 6 days ago Szarlot BETTING KENYA MossBets Steps Up Virtual Gaming In Kenya 7 days ago Samuel EXPERTS GHANA Casino Industry in Ghana Compared to South Africa 1 week ago Szarlot Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.