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Attacker Profiles Vary From Lone Fraudsters with a Single Mobile Device Targeting Cross-Industry Organizations to Highly-Organized, Cross-Border Fraud Crime Rings
ATLANTA and LOS ANGELES, LexisNexis® Risk Solutions today released at the Digital Identity Summit its Cybercrime Report providing a comprehensive view into the shifting global fraud landscape from January 2019 through June 2019. During this period, the LexisNexis® Digital Identity Network® recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13% increase over the second half of 2018.
The report highlights a shift toward networked, cross-organizational and cross-industry fraud, and gives insight into the evolution of bot attacks targeting new accounts in media and e-commerce.
Key Findings from the LexisNexis Risk Solutions Cybercrime Report:
“Fraudsters no longer operate in silos, they are attacking across industries and organizations,” said Rebekah Moody, director of fraud and identity at LexisNexis Risk Solutions. “As seen by a detailed example in the report, one fraudster can carry out a large number of transactions against a series of global organizations using a single mobile device.
“In the end, corporations benefit the most when fraud defense platforms include a multilayered approach that comprise digital identity intelligence, physical identity and authentication capabilities,” continued Moody. “This approach, when executable in near real-time and touching the entire customer journey, extends beyond detecting complex fraud – it also allows for more streamlined regulatory compliance processes and reduces friction across the customer experience.”
Download a copy of the LexisNexis Risk Solutions Cybercrime Report, January through June 2019 here.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com and www.relx.com.