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.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 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.).