CHICAGO— A new TransUnion report warns that account takeover fraud remains the most significant threat facing U.S. credit unions today.
The data also show that fraud is taking nearly a 10% bite out of U.S. company revenues.
“Fraud is draining business resources at an alarming and unprecedented rate,” TransUnion said, citing its 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.”
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