U.S. mobile fraud attacks up 44% in first half of 2018, report finds
FIs have been hit with 81 million cybercrime attacks so far this year.
Fraud attacks on mobile transactions rose 44% in the United States and 24% globally year over year for the first half of 2018, and a third of all fraud now targets mobile channels, according to a new analysis from cybersecurity company ThreatMetrix.
The San Jose, Calif.-based firm’s study of 17.6 billion digital transactions during the first six months of the year also found that financial institutions were hit with 81 million cybercrime attacks, including 27 million that targeted the mobile channel.
Most digital transactions now mobile
More than half (58%) of all digital transactions — including account creations, logins and payments — now originate from mobile devices, ThreatMetrix said.
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