TransUnion's H1 2025 Update to the State of Omnichannel Fraud Report, released on March 27, 2025, revealed that U.S. data breach severity reached unprecedented levels in 2024, increasing by 34% from the prior year. The primary US Breach Risk Score (BRS) rose from 4.1 to 5.6 on a 1-10 scale.
Despite this increase in severity, the volume of primary data breaches dipped to 2,577 from 2,842 in 2023, and third-party data breaches fell significantly to 515 from 2,731. However, the breaches targeted more high-quality credentials, enabling cybercriminals to power automated, identity-based attacks.
Steve Yin, global head of fraud at TransUnion, stated that breach severity is a leading indicator of future fraud, meaning organizations must be even more diligent against oncoming identity fraud attacks. The report also noted that 29% of consumers surveyed lost money due to online fraud in the last year, with the median loss being $1,747.
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