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October 2019

New report tracks growing threat of Networked Cybercrime

Get the latest information (January - June 2019) on cybercrime trends worldwide and the multi-layered prevention strategies needed for protection.

In the first six months of 2019, the LexisNexis® Digital Identity Network® recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13% increase over the second half of 20181.

How can your business transact with customers across online and mobile channels while avoiding higher fraud risks? This report highlights a shift toward networked, cross-organizational and cross-industry fraud, and gives insight into the evolution of bot attacks targeting new accounts in media and e-commerce.

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Key findings in the LexisNexis Risk Solutions Cybercrime Report include:

  • Networked Cybercrime - The new report details an example of how the Digital Identity Network tracked one fraudster across three industries and six different organizations attempting to create new accounts, initiate repeated login attempts and make fraudulent payments in an effort to monetize stolen credentials, launder money and abuse bonus incentives.
  • Mobile App Registration – While mobile continues to prove more secure than desktop, fraudsters are seeing new mobile account creations and app registrations as opportunities to intercept one-time passcodes to fraudulently register mobile apps. This provides fraudsters with a wealth of personal information and bank account access.
  • Bot Attacks – The Digital Identity Network revealed a number of bonus abuse attempts where fraudsters attempted to sign up for a number of new accounts in order to capitalize on free trials and streaming bonuses to sell for profit.

Plus: Insights on protecting your business against these and other threats

The LexisNexis Risk Solutions Cybercrime Report captures the significant obstacles many businesses encounter as they expand their online and mobile operations in the face of increasing competition and unforgiving customer demands. You'll also find expert insights into how layered, digital identity-based approaches to cybersecurity can dramatically reduce fraud while enhancing the digital customer experience.

Download the complimentary report now to get the latest information for protection from the growing threat of Networked Cybercrime.

To explore specific solutions for your agency, call us at 1-800-869-0751 or complete the form and check the box for a LexisNexis Risk Solutions representative to contact you.

1. Source: LexisNexis® Risk Solutions 2019 Cybercrime Report

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