Financial Sector Sees Major Spike in Mobile Cyberattacks, Report Says
A new look at cybercrime trends throughout the world shows that the financial industry experienced a 37 percent increase in takeover attacks during the second half of 2018, and a whopping 107 percent spike when looking at fraudsters' attempts to gain control of user accounts during mobile transactions.
March 05, 2019 at 02:54 PM
4 minute read
During the second half of 2018, the financial services industry saw a more than 100 percent increase in cyberattacks occurring during mobile account logins, when criminals attempt to infiltrate users' accounts, according to a report from LexisNexis risk solutions company ThreatMetrix.
The H2 2018 Cybercrime Report released Tuesday draws global statistics from cyberattacks that the ThreatMetrix network detected between July and December. During that time, the company processed 17 billion transactions, 61 percent of which originated from mobile devices.
In those same six months, there were 244 million human-initiated attacks and 3 billion automated or bot attacks—189 million of those were mobile attacks, a 12 percent increase over the first half of 2018.
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