April 06, 20 - 6:20 pm - LABS

Suspicious online retail transactions rise amid quarantine

Since Brazil adopted isolation measures to prevent the spreading of coronavirus, there’s been a spike on online transactions with a suspicious profile, a growth of 29% in March compared to February, with more than 18,000 online transactions.

Online transactions in the retail segment grew 81% and credit grants with the usage of facial recognition increased 43.05% in comparison to February, according to a survey by Acesso Digital, a facial recognition technology company. The data was reported by Valor Investe.

The media outlet reports that transactions considered fraudulent affected companies such as Magazine Luiza, Latam, Vivo and Pernambucanas.