WASHINGTON, DC — LexisNexis® Risk Solutions has released its Cybercrime Report providing a comprehensive view into the shifting global fraud landscape from January 2019 through June 2019.
The Cybercrime Report leverages the LexisNexis® Digital Identity Network, which is a system built on cross-industry identity intelligence and analyzes millions of transactions in real time daily across billions of devices for thousands of global digital businesses.
For the six month time frame of the report, the LexisNexis Digital Identity Network, recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13% increase over the second half of 2018. The report highlights a shift toward networked, cross-organizational and cross-industry fraud, and gives insight into the evolution of bot attacks targeting new accounts in media and e-commerce.
“Although this report focused on the private sector, the LexisNexis Risk Solutions Cybercrime Report is a must read for federal IT managers and law enforcement agencies,” said Haywood Talcove, CEO, Government, LexisNexis Risk Solutions.
“Agencies need to use a layered approach to cybersecurity if they want to remain protected,” said Talcove. “A better solution includes three components: high-level digital identity intelligence, physical identity, and authentication capabilities. These three components will help agencies meet regulatory requirements, improve user experience, and locate evolving fraud. If this approach is executable in near real-time, it allows for more streamlined regulatory compliance processes and reduces friction across the citizen experience.”
Key Findings from the LexisNexis Risk Solutions Cybercrime Report:
“Advances in computer technology and greater access to private corporate entities through the internet have created online marketplaces to share stolen information, such as credit card data and personally identifiable information, plus provide a forum for evolving criminal methodologies,” continued Talcove.
“While confronting the growing threats posed by automated bots and synthetic identities, the LexisNexis Digital Identity Network analyzes millions of transactions in real time across billions of devices for thousands of global digital businesses, growing more powerful with every new piece of information. It provides robust digital identity intelligence to help keep pace with emerging trends and tactics employed by increasingly sophisticated cyber criminals, state-sponsored actors and their networks.”
Download a copy of the LexisNexis Risk Solutions Cybercrime Report, January through June 2019 here.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com and www.relx.com.