Cross-border transactions are low-hanging fruit for attackers

Attackers are paying particular attention to the ‘cross-border’ transactions of payment processors, according to the newly published Q1 ThreatMetrix analysis.

The Q1 Cybercrime Report from ThreatMetrix, published today, reveals that attackers are paying particular attention to the ‘cross-border’ transactions of payment processors. That ecommerce transactions should be riskier than financial services transactions is no great surprise; that, with 820 million bot attacks in the first quarter of 2018 alone, attack rates were ten times higher perhaps more surprising. Across some 9.3 billion transactions this quarter, analysed for legitimacy based on attributes including behavioural analytics, the risk landscape has broadened: attack growth out-paced transaction growth by some 83 percent compared to just two years ago.

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