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Rise in Cybercrime Calls for Global Shared Intelligence: Report

Global attack rates across financial services rose 41% from June to December, LexisNexis Risk Solutions finds.

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When LexisNexis Risk Solutions published its first Cybercrime Report in 2014, mobile transactions comprised just 25% of total transactions in the company’s Digital Identity Network. By the second half of 2021, that percentage had spiked to 75% – and a rise in mobile fraud came along for the ride, according to the latest Cybercrime Report that analyzed transaction data from July to December of last year.

The global volume of human-initiated attacks on individual online transactions, which typically return full digital identity profiling data, increased for the first time since 2019 in the second half of 2021, growing by 46% year-over-year. Sixty percent of human-initiated online attacks took place on mobile devices versus 40% on desktop, with the percentage of human-initiated attacks coming from mobile devices increasing 9% year-over-year. What’s more, the human-initiated mobile app attack rate shot up by 59% year-over-year, the report found.

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Natasha Chilingerian

Natasha Chilingerian

Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.

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