LexisNexis® Risk Solutions Cybercrime Report

Balancing Risk & Reward

The new mobile battlefield.

LexisNexis® Risk Solutions Cybercrime Report

                              
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LexisNexis® Risk Solutions Cybercrime Report

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Explore the Evolving Global Cybercrime Landscape

LexisNexis® Risk Solutions Cybercrime Report

 

As consumers globally continue to drive demand for a customer-centric digital world, companies are prioritizing their digital customer excellence strategies to retain and acquire new customers, which is advantageous for legitimate consumers, but may lead to opportunities for fraudsters.


 Although the final weeks of 2021 will be remembered for the resurgence of the pandemic, driven by the new Omicron strain, the second half of the year marked the end of restrictions and the reopening of economies in many parts of the world.

What has become clearly apparent from analysis of the LexisNexis® Digital Identity Network® from July to December 2021 is that fraud is on the rise as consumer confidence returns.


LexisNexis® Risk Solutions Cybercrime Report


Cybercrime Report Highlights

Mobile share transactions

For the first time, the mobile share of transactions in the network reached 75% as app-based companies and industries increase in dominance


Bot attacks
As anticipated for some time, fraudsters are now starting to capitalize on the fruits of their bot labors during the pandemic, using them in sophisticated attacks and scams
Human attack
While fraudsters are continuing their use of automated bot attacks seen throughout the pandemic, the human-initiated attack rate seen in the network rose for the first time since 2019
Account takeover
While fraudulent account creations remain the highest risk, account takeover attempts have been increasing rapidly

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

Transactions by Channel

Mobile vs. Desktop

Growth of mobile share

Mobile App vs. Mobile Browser

Growth of mobile app share

About the Cybercrime Report

The LexisNexis® Risk Solutions Cybercrime Report is based on cybercrime attacks detected by the Digital Identity Network® from July-December 2021, during near real-time analysis of consumer interactions across the customer journey, from new account creations, logins, payments and other non-core transactions such as password resets and transfers.

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.

Find out more by downloading the most recent LexisNexis® Risk Solutions Cybercrime Report.

The LexisNexis® Risk Solutions Cybercrime Report is based on cybercrime attacks detected by the Digital Identity Network® from July-December 2021, during near real-time analysis of consumer interactions across the customer journey, from new account creations, logins, payments and other non-core transactions such as password resets and transfers.

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.

Find out more by downloading the most recent LexisNexis® Risk Solutions Cybercrime Report.

Insights From Past Reports

Cybercrime Report Jan - June 2021

Cybercrime Report July - Dec 2020

Cybercrime Report Jan-June 2020

Cybercrime Report July - Dec 2019

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