Cybercrime attacks reached its highest level ever, with 144 million incidents detected the last quarter, according to a new ThreatMetrix's report, which also revealed increasing mobile transaction usage and targeted threats.

San Jose, Calif. digital identity firm ThreatMetrix in its "2017 Q2 Cybercrime Report" also found the e-commerce industry experienced 88 million attacks during a recent 90-day period. As a percentage of overall transactions, this attack rate increased 41% year-on-year.

The data derived from ThreatMetrix Digital Identity Network's actual detected cybercrime attacks from April-June 2017 during real-time analysis and interdiction of fraudulent online payments, logins and new account applications. The network analyzes close to two billion transactions per month, over 47% of which originate 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.).