Eighty Percent of All Transactions in the UK are from Mobile
Devices, Driving Lower Attack Rates
LONDON and ATLANTA, June 25,
2019 /PRNewswire/ -- ThreatMetrix® and LexisNexis® Risk
Solutions, today launched the ThreatMetrix Q1 2019 EMEA Cybercrime
Report at the EMEA Digital Identity Summit 2019. Among the findings
in the report, which is based on actual cyberattacks detected by
the ThreatMetrix Digital Identity Network® during the first quarter
of 2019, is a strong pattern of highly organized, networked
cybercrime – with fraudsters traversing various industries and
organizations in order to maximize the monetization of stolen
credentials, launder money and reduce the likelihood of
detection.
Key Findings from the ThreatMetrix Q1 2019 EMEA Cybercrime
Report
- EMEA represents a less risky online environment, compared to
the rest of the world, despite pockets of growing attack rates for
some industries and use cases.
- Top attackers in the region are targeting growth and emerging
economies, like Poland and the
Ukraine, highlighting the
continued widespread dissemination of breached identity data.
- The UK's digital economy is driving higher use of mobile
devices and lower attack rates.
EMEA: Mobile Delivers Risk and Reward
The report found
that EMEA is one of the most mobile regions in the world, with 71%
of transactions originating from a mobile device, compared to 55%
globally. According to the report, this is one of the key factors
driving a lower overall attack rate in the region since mobile
devices are inherently safer than desktops.
Astute fraudsters, however, are aligning with changing consumer
behavior, with more malicious actors turning their attention to the
mobile channel. For example, the report shows a 41% year-on-year
increase in the region on new account creation attacks through
mobile media channels.
"Regardless of where they originate, cyberattacks often have a
global footprint. However, many fraudsters rely on similar
methodologies," said Stephen
Topliss, vice president, Fraud and Identity for LexisNexis
Risk Solutions. "As economies increasingly shift toward mobile
transactions, particularly in EMEA, we need to be aware of
criminals who seek to exploit new vulnerabilities and encourage
companies to share best practices and knowledge when fighting
cybercrime."
The ThreatMetrix Q1 2019 EMEA Cybercrime Report is based on
actual cybercrime attacks from January through March 2019 detected by the ThreatMetrix® Digital
Identity Network® in Europe, the
Middle East, and Africa.
Download a copy of the detailed report here.
About ThreatMetrix®, Now LexisNexis® Risk
Solutions
ThreatMetrix®, Now LexisNexis® Risk Solutions,
empowers the global economy to grow profitably and securely without
compromise. With deep insight into 1.4 billion anonymized digital
identities, ThreatMetrix ID™ delivers the intelligence behind
110 million daily authentication and trust decisions to
differentiate legitimate customers from fraudsters in real
time.
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.
Media Contact:
Courtney Austin
44 203 239 2601
courtney.austin@lexisnexisrisk.com
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