TransUnion - TRU STOCK NEWS

TransUnion analyzed early holiday e-commerce fraud attempts, revealing a global increase of 82% in suspected digital fraud between Thanksgiving and Cyber Monday compared to the rest of the year. In the U.S., this spike was 127%. The analysis indicated that 15% of all global e-commerce transactions during this period were potentially fraudulent, with 18% for U.S. transactions. Black Friday and Cyber Monday saw the highest rates of fraudulent transactions, at 26% and 24%, respectively. Nearly 54% of American consumers expressed concern over online fraud this holiday season, up 17% from the previous year.

Intelligent identity security firm Sontiq, a TransUnion company, announced that its IdentityForce product has received the PTPA Seal of Approval for the ninth consecutive year and a 2023 Top Product award. This recognition is based on unbiased reviews from a community of over 200,000 product testers. With identity theft targeting children increasingly common, Sontiq's services aim to protect families from cyber threats. The Intelligent Identity Security platform includes features like ChildWatch, offering alerts on suspicious activities.

TransUnion released its latest report on the effects of Hurricane Ian on the auto and property insurance sectors. In Q3 2022, auto insurance shopping decreased by 2% compared to Q2 and down 1% year-over-year. Despite a slight uptick in auto sales due to improved inventories, inflation is forcing consumers to seek lower premium rates. Property insurance shopping saw a 1% quarterly decline and a 7% annual drop, although real estate trends provided some support. Gen Z demographics showed increased migration, contributing to the evolving insurance landscape.

Federman & Sherwood has announced an investigation into TransUnion, Inc. (NYSE: TRU) regarding a significant data breach that occurred on November 10, 2022. The breach involved unauthorized access to sensitive consumer data affecting approximately 200 million users in the United States. Compromised information includes names, addresses, full Social Security numbers, financial account details, and complete driver’s license information. This incident raises concerns about data security and consumer trust in TransUnion.

Neustar, a TransUnion company, has expanded the ATIS Robocalling Testbed to enhance features for enterprises. The testbed helps combat robocalls and caller ID spoofing, boasting 77 participants representing over 83% of U.S. phone numbers. Key updates include a virtual cloud-based architecture and support for legacy networks. The testbed facilitates cross-border call authentication between the U.S. and Canada. This initiative aims to restore consumer trust in phone communications, with enterprises now able to participate in call authentication effectively.

TransUnion has partnered with Veeva Crossix to enhance marketing effectiveness for health brands across streaming media. This collaboration incorporates high-demand health audience data into TransUnion's TruAudience Data Marketplace, facilitating targeted advertisements for both consumers and healthcare providers. The health advertising sector is experiencing significant growth, with pharmaceutical spending reaching $5.6 billion in the U.S. in 2021. The integration of Veeva Crossix segments aims to improve targeting efficiency and maximize ROI for health advertisers in an increasingly digital landscape.

TransUnion (NYSE: TRU) will have its President and CEO, Chris Cartwright, present at the J.P. Morgan Ultimate Services Investor Conference on November 17, 2022, starting at 8:10 a.m. CT. A live webcast of the event will be accessible on their Investor Relations website, with a replay available afterwards. TransUnion, a global information and insights company, operates in over 30 countries, providing solutions that empower businesses and consumers for confident transactions.

The Q3 2022 Credit Industry Insights Report from TransUnion reveals rising trends in credit usage amid inflationary pressures. Unsecured personal loans and credit card balances hit record highs, with bankcard balances reaching $866 billion, a 19% year-over-year increase. Delinquencies are rising, particularly in subprime segments, but remain in line with pre-pandemic levels. The Credit Industry Indicator dropped to 120, indicating deteriorating credit health, with concerns about lending to below-prime risk tiers amidst high inflation and potential recession risks.

TransUnion (NYSE: TRU) declared a $0.105 cash dividend per share for Q3 2022. This dividend will be payable on December 2, 2022, to shareholders registered by November 17, 2022. This dividend declaration reflects the company's ongoing commitment to returning value to its shareholders through consistent income generation.