Financial Sector Sees Major Spike in Mobile Cyberattacks
The financial industry experienced a 37 percent increase in takeover attacks during the second half of 2018, and a 107 percent spike when looking at fraudsters' attempts to gain control of user accounts during mobile transactions.
March 06, 2019 at 01:00 AM
4 minute read
The original version of this story was published on Corporate Counsel
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.
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