Citizens use their phones in Quezon City amid the modified enhanced community quarantine on August 16, 2020. Mark Demayo, ABS-CBN News

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Benise Balaoing

ABS-CBN News

MANILA -- A significant percentage of transactions from the Philippines during the Thanksgiving period were suspected to be digital fraud, a consultancy firm said.TransUnion said 13.6 percent of attempts to buy online from November 28 to December 2 were alleged to be digital fraud.November 28 to December 2 is considered the Thanksgiving period in the United States, where family members reunite and share meals. The period covers November 29 or the Friday after Thanksgiving called Black Friday, which is one of the busiest days for shopping in the US.December 2, meanwhile, is considered as &quot;Cyber Monday,&quot; where a lot of customers shop online.On November 29 alone, 15 percent of transactions from the Philippines were suspected to be digital fraud, TransUnion said.According to TransUnion, the Philippine number is higher than the global rate of 4.6 percent, although it is lower than the 14.3 percent seen in the same period last year. The company noted that most working Filipinos received their salaries, Christmas bonuses, and 13th month pay during the Bonifacio Day weekend.&quot;With consumers eager to spend their bonuses on good deals online to purchase gifts, the period presents a prime opportunity for fraudsters to take advantage of unsuspecting shoppers,&quot; TransUnion said.The firm noted, however, that 91 percent of Filipinos said they are concerned about being victimized by digital fraud this holiday season.<div><a href="https://www.abs-cbn.com/news/nation/2024/12/10/scam-farms-in-ph-change-tactics-to-avoid-crackdown-1729" rel="noopener noreferrer" target="_blank">Scam farms in PH change tactics to avoid crackdown</a></div>

A significant percentage of transactions from the Philippines during the Thanksgiving period were suspected to be digital fraud, a consultancy firm said.

A significant percentage of transactions from the Philippines during the Thanksgiving period were suspected to be digital fraud, a consultancy firm said.

'Many digital transactions from PH during Thanksgiving possibly fraud' | ABS-CBN

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'Many digital transactions from PH during Thanksgiving possibly fraud'

'Many digital transactions from PH during Thanksgiving possibly fraud'

Benise Balaoing,

ABS-CBN News

Published Dec 18, 2024 06:22 PM PHT

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digital fraud

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Black Friday

Cyber Monday

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