Shipping fraud saw the largest increase globally from 2020-2021 (780.5%), followed by business identity theft (113.8%) and identity mining/phishing (104.8%). (Credit: BravissimoS/Shutterstock) Shipping fraud saw the largest increase globally from 2020-2021 (780.5%), followed by business identity theft (113.8%) and identity mining/phishing (104.8%). (Credit: BravissimoS/Shutterstock)

While instances of global digital insurance fraud shrank slightly (2.2%) from 2020 to 2021, it increased by 11.1% in the United States, says the 2022 Global Digital Fraud Trends Report from TransUnion. The slight dip in global digital insurance fraud in that time period doesn’t mean much, though, as these instances increased 54.3% overall between 2019 and 2021.

Across all industries, TransUnion found insurance saw the fifth-highest numbers for digital fraud attempts from 2020-2021, only being surpassed by the gaming, travel and leisure, telecommunications and financial services industries.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].

More from this author

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.