From January 2019 through June 2019, LexisNexis Risk Solutions recorded 16.4 billion transactions, of which 277 million were human-initiated attacks, a 13% increase over the second half of 2018.
The 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.
Networked cybercrime
Cybercrime networks emerge when digital identities are associated with confirmed fraud attempts across more than one organization in the Digital Identity Network. Organizations within the same industry, particularly banking, lending and stock brokerage, are most acutely affected.
The new report details one example of how the Digital Identity Network tracked one specific a fraudster across three industries and six different organizations (several financial services organizations, a media streaming company and a credit reporting agency) as the fraudster attempted ..
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