Fraud continues to take a major toll on Philippine businesses, costing companies the equivalent of 6 percent of their annual revenues, or about P4 trillion, over the past year, according to TransUnion’s H2 2025 Top Fraud Trends Report. While slightly below the global average of 7.7 percent, the figure underscores the heavy financial strain fraud places on organizations across the country.
Seven in ten business leaders (70 percent) said they were very or extremely concerned about fraud, ranking the Philippines third globally behind the United States (89 percent) and India (82 percent). “Fraudsters are becoming more sophisticated, exploiting every channel and digital interaction to bypass traditional defenses,” said Yogesh Daware, chief commercial officer of TransUnion Philippines. “Organizations must rethink their approach to fraud prevention, moving from reactive and fragmented controls to proactive, data-driven strategies.”
First-party fraud and scam/authorized fraud were tied as the leading causes of losses in the Philippines at 25 percent each, both above global averages. More than two-thirds of business leaders said their companies now optimize fraud detection models at least quarterly.
Consumers also face rising exposure: 65 percent of Filipinos reported being targeted by fraud attempts between February and May 2025, compared to the global average of 48 percent. Phishing (45 percent) and money or gift card scams (40.4 percent) were most common.
“As fraudsters continue to exploit the country’s high digital activity, the impact extends beyond businesses and individuals to the wider economy,” Daware warned.
