Covid-19: Fraud Attempts Against Businesses In India Doubled In Lockdown

There was a doubling of online fraud attempts against businesses in India during the initial days of the lockdown and the same went down subsequently as the economy began unlocking, an American information and insights company said on Tuesday. TransUnion found that suspected online fraud attempts against Indian businesses increased 121% in the first phase of the pandemic (between March 11 to May as compared to before the pandemic (between Jan. 1 to March 10). As businesses began reopening (May 19 to July 25), there was a 29% decrease in suspected digital fraud attempts in India against businesses when compared to the first phase of the lockdown, it added.