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ThreatMetrix, The Digital Identity Company, research identified 251 million fraud attempts, a 113% growth over 2016, during 2017’s fourth quarter. The report also revealed an increased attack volume originating from Russia.

The Q4 2017 Cybercrime Report from San Jose, Calif.-based Threat Metrix found the number of attacks on e-commerce during the fourth quarter of 2017 was 113% of the volume of attacks across all industries in the previous quarter, underscoring the pressure facing retailers during this period. Almost 193 million transactions rejected as fraudulent, representing a 173% increase over the previous year.

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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.).

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