Financial sector sees major spike in mobile cyberattacks
A new look at cybercrime trends shows that the financial industry experienced a 37 percent increase in takeover attacks in the second half of 2018.
By Phillip Bantz|March 15, 2019 at 10:54 AM|The original version of this story was published on Corporate Counsel
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During the second half of 2018, the financial services industry saw a more than 100 percent increase in cyberattacks occurring during mobile account logins, when criminals attempt to infiltrate users’ accounts, according to a report from LexisNexis risk solutions company ThreatMetrix.
The H2 2018 Cybercrime Report released Tuesday draws global statistics from cyberattacks that the ThreatMetrix network detected between July and December. During that time, the company processed 17 billion transactions, 61 percent of which originated from mobile devices.
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