The Weekly Journal - Wednesday, May 4, 2022

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Wednesday, May 4-10, 2022 - // no. 158

COVID-19’s impact on the labor market P6 Business collaboration between PR and Florida P7 Climate change affects life in PR P8

Puerto Rico and the Caribbean

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Electronic fraud attempts

decreased almost 25% during Q1 of 2022 Still, businesses have not won yet the battle against scammers

Environment and community mark Film Festival P13

T

Juan A. Hernández, The Weekly Journal

he global digital fraud rate decreased by 22.6% during the first quarter of 2022 when compared to the same period in 2021. According to consumer credit reporting agency TransUnion’s quarterly digital fraud analysis, the year-over-year (YoY) suspected fraud rate declined in industries such as financial services, telecommunications and retail, while fraudsters significantly increased their scams in sectors

such as gambling, insurance and logistics. But these figures contrast significantly with those offered by TransUnion itself in its previously release “Global Digital Fraud Trends” report for 2021, just a day before the quarterly analysis. “Sophisticated fraudsters pressure test which industries have ramped up fraud prevention measures and, as a result, turn to new industries if efforts are being thwarted. That’s exactly what we have observed recently as fraudsters look for new opportunities or points of vulnerability,” said Shai Cohen, senior vice president of global GO TO PAGE 4


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