Cybercrime across global and mobile transactions includes an increase in attacks on e-commerce, due to EMV fallout, and account openings, according to San Jose, Calif. based digital identity firm ThreatMetrix.
The good news for financial institutions is that mobile transactions continue to grow and mobile banking is more popular than ever among returning customers in financial services, who continue to login to online banking via mobile apps almost twice as much as via desktop.
The Q2 2016 Cybercrime Report, based on actual cybercrime attacks from April 2016 to June 2016 detected by the ThreatMetrix Digital Identity Network, analyzed more than 5.2 billion transactions with 40% coming from mobile devices.
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Roy Urrico
Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).
