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Confidence Amid Chaos - Managing Fraud and Scams with Real-Time Data and Advanced Analytics
Digital fraud attack rates continued climbing in 2023, increasing 19% year-over-year. Automated bot attacks remained stable after last year’s surge in attack volume.
Organizations operating in North America (up 43% YOY to 1.9%) or in the ecommerce sector (up 59% YOY to 2.8%) sustained the greatest increase, driving the global average attack rate to 1.5% of 92 billion transactions analyzed.
You won’t find insights like these anywhere else because no one else has such global and granular fraud intelligence.
The LexisNexis® Risk Solutions Cybercrime Report delivers unique and actionable insights derived via advanced machine learning algorithms from the largest cross-industry network consortium in the world, the LexisNexis® Digital Identity Network® platform.
To keep ahead of the increasingly frequent, sophisticated and global nature of digital fraud attacks and scams, while keeping good customers safe and content, download the latest LexisNexis® Risk Solutions Cybercrime Report.
More Cybercrime Insights
Trust and Collaboration as Foundations to Fight Fraud
Keeping Good Customers Safe
The digital economy continues expanding across emerging markets. New-to-digital consumers and financially vulnerable individuals make ideal targets for scams and mule schemes. Scams of all kinds–both traditional account takeover through phishing attacks and more sophisticated authorized push payment fraud–rank among the biggest global fraud challenges. Digital fraud growth is also driving a reliance on mule accounts to move and monetize fraud proceeds.
The LexisNexis® Risk Solutions Cybercrime Report 2022 highlights how today’s industrialized fraud landscape demands a coordinated, multi-layered response centered around customer trust and industry collaboration. The report provides the latest statistics and details on:
- Where attack rates are increasing and impacting digital channels
- Universal cybercrime challenges and unique regional differences
- Targeted risks across key customer touchpoints
- Industry vulnerabilities and opportunities
- Symbiotic relationship between scam growth and mule networks
Cybercrime Report Key Insights and Global Trends
- Fraud classifications around the world
- How organizations are developing a better 360-degree view of their customers and the benefits of doing this
- Hunting mules with digital identities
- Regional snapshots and trends in APAC, EMEA, LATAM and North America
Cybercrime Report Insights
Number of Transactions Processed, in Billions
+44% growth in global transaction volume year-over-year
Global Attack Patterns, in Millions
Growth in bot and human-initiated attacks
Mobile vs. Desktop
Mobile App vs. Mobile Browser
About the Cybercrime Report
The Digital Identity Network® and its near real-time policy engine provide unique insight into global digital identities across applications, devices and networks.
LexisNexis® Risk Solutions customers benefit from a global view of risks, leveraging global rules within bespoke policies that are custom-tuned specifically for their businesses.
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