Worldwide adoption of mobile technologies is fueling innovative, new mobile fraud vectors, according to recent studies by ThreatMetrix and TSYS. Researchers found increased vigilance among consumers and service providers against pernicious, sophisticated attacks.
The H2 2018 Cybercrime Report
, published by ThreatMetrix, a LexisNexis Risk Solutions company, reported a 107 percent increase in attacks on mobile account logins in the second half of 2018. The biannual study was based on 17 billion digital transactions processed on the ThreatMetrix Digital Identity Network, with 61 percent originating on a mobile device.
The 2018 Consumer Payment Study
, published by Total Systems Services Inc. (TSYS), found 66 percent of consumers are using their financial institution's mobile app to access banking information.