Mobile fraud is increasing, attack rates rising 24% year-over-year

Source
Advertisement


ThreatMetrix released new cybercrime insights from the first half of 2018, revealing a sharp rise in fraud attack levels on mobile transactions. As consumer behavior increasingly embraces mobile for virtually all online goods and services, fraudsters are starting to close the gap on this channel.

Mobile becomes the go-to digital channel

The rise of mobile is undisputedly the key change agent in digital commerce currently. According to ThreatMetrix data, in the last three years the proportion of mobile transactions versus desktop has almost tripled. Mobile transactions, which include account creations, logins and payments, reached 58% of all traffic by the middle of 2018.

Advertisement