Get the latest information (January - June 2019) on cybercrime trends worldwide and the multi-layered prevention strategies needed to protect your business.
In the first six months of 2019, bot-based account creation attacks committed against online retailers spiked by 305%. Mobile app registration fraud jumped 144%. The hidden plague of coordinated, cross-industry cyberattacks designed to breach identity data and evade detection has become even clearer.
In 2019, consumer adoption of mobile technologies and the rising tide of breached identity data have cybercriminal networks rapidly evolving their attack methodologies.
How can your business transact with customers across online and mobile channels while avoiding higher fraud risks? The newly released LexisNexis® Risk Solutions Cybercrime Report reveals the latest fraud trends based on nearly 17 billion digital transactions worldwide, of which, 62% originated from a mobile device.
Global Insights from the LexisNexis® Digital Identity Network® (January – June 2019) Include:
• 277 million human-initiated cyberattacks, up 13% in just six months
• 111 million mobile attacks, rising nearly 10% during that same timeframe
• 171% year-over-year growth in bot-based account creation attacks against retail e-commerce
• 144% surge in mobile app registration fraud across banking, media and more
• 52% jump in payment attacks in North America, compared to 12% globally
Plus: insights on protecting your business against these and other threats
The LexisNexis Risk Solutions Cybercrime Report captures the significant obstacles many businesses encounter as they expand their online and mobile operations in the face of increasing competition and unforgiving customer demands. You'll also find expert insights into how layered, digital identity-based approaches to cybersecurity can dramatically reduce fraud while enhancing the digital customer experience.
Source: LexisNexis® Risk Solutions 2019 Cybercrime Report
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