Mobile transactions represent more than half of financial services exchanges and e-commerce businesses must strike an effective balance between protecting their platform and minimizing customer friction as we head into the holiday season.
Those are among the findings according to San Jose, Calif. based digital identity firm ThreatMetrix's Q3 Cybercrime Report, based on actual cybercrime attacks from July to September 2016.
During what is traditionally a slow quarter, ThreatMetrix analyzed nearly five billion transactions, detecting and stopping approximately 130 million attacks in real time, an almost 40% increase over Q3 2015. Mobile transactions increased to 43% of total network traffic, a nearly 50% increase over the previous year, with no sign of slowing.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.).
