Mobile fraud is increasing, attack rates rising 24% year-over-year

ThreatMetrix released new cybercrime insights from the first half of 2018, revealing a sharp rise in fraud attack levels on mobile transactions. As consumer behavior increasingly embraces mobile for virtually all online goods and services, fraudsters are starting to close the gap on this channel.

The rise of mobile is undisputedly the key change agent in digital commerce currently. According to ThreatMetrix data, in the last three years the proportion of mobile transactions versus desktop has almost tripled, reaching 58% of all traffic by the middle of 2018. Mobile fraud rates have tended to lag behind the channel’s overall growth, however in the first half of 2018 mobile attack rates rose 24%, when compared to the first half of 2017.

Read more about the findings of the new report on Help Net Security.