First half of 2019 saw a 13 percent increase in fraudulent activity compared to the previous six months. A spike in June represents the highest-volume bot attack that s been recorded since 2016, LexisNexis Risk Solutions says. E-commerce companies also saw bot attacks on new account creations increase 305 percent. Mobile fraud is another hotspot, as fraudsters look to new mobile account creations and app registrations as opportunities to intercept one-time passcodes to fraudulently register mobile apps. Data breaches continue to spur attacks in North America, according to the report.
Source: https://threatpost.com/data-breaches-account-creation-fraud-soars-2019/148181/