The rate of digital fraud originating from Namibia decreased in Q1 2022, with suspected online fraud attempts declining -7.0% from the same quarter last year, in line with the global decrease of -22.6% during that same time period. This is according to TransUnion’s quarterly digital fraud analysis, which observed that while the overall rate of suspected digital fraud declined in the country, there were significant shifts year-over-year within certain industries. “What we observed in Namibia and globally is that sophisticated fraudsters are shifting their focus to target new industries as sectors previously targeted have ramped up fraud prevention measures” said TransUnion South Africa’s Head of Fraud.
