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.
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