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IndustryUpdate

wise consider using BNPL. Researchers also stated the umes, the UK attack rate is 0.2 percent, compared to a
company has a global network and an array of resources global rate of 1.3 percent, they added.
that can help it enter new markets with ease.
PayQuicker spots trends shaping future of work
LexisNexis Risk Solutions:
Online fraud surges in UK PayQuickr released findings from research on the evo-
lution and growth of the gig economy workforce. The
UK fraud attack volumes nearly doubled in 2022 as the research, conducted by gig economy experts Dr. Robert
scam-demic continues, according to the latest online A. Peterson and John Fleming, encompasses a sample
fraud analysis published by LexisNexis Risk Solutions. of more than 2,000 U.S. gig workers. The study high-
Around 36 million human-initiated fraud attacks were lights growing interest in working multiple gigs, the
confirmed in the UK last year, a rise of 92 percent from motivations behind gig work and how this on-demand
the previous year, researchers stated. Globally the rate of economy is shaping on-demand payment preferences.
growth was slower, at 56 percent.
Diversity in types of gig work is growing, research-
The data also shows 352 million automated bot attacks ers found, with the most popular gig reported being
on UK targets last year, an increase of 81 percent on the restaurant, grocery and delivery services (13 percent),
previous year. compared to ride-sharing (8 percent), child-care or elder-
care services (7 percent) and freelance graphic design,
This means around 2 percent of all online transactions photography and copyediting (4 percent).
in the UK was a bot attack. These figures are the result
of analyzing more than the 15.8 billion UK transactions The study also found 60 percent of the gig workforce
processed by the LexisNexis® Digital Identity Network. works multiple gigs, with 23 percent working more than
The figures represent good news for the UK financial three gigs.
services sector, showing that, despite rising fraud vol-

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