It’s hardly news that scammers are taking money in various ways from unsuspecting smartphone users, but a new analysis of 30 billion online transactions shows that the fraudsters are adapting and innovating in ways that much of the public doesn’t understand. One number tells the story: Iovation, a fraud detection firm acquired in 2018 by TransUnion, flags risky transactions worldwide and then looks more closely at how they happened. In recent years, about one-third of all flagged transactions involved mobile devices. In the first half of 2019, that number jumped to 49%, according to findings released Tuesday. Iovation defines “risky” based on the number of transactions in a given period of time from a device, geolocation anomalies, potential bot activity and other actions that typically result in fraud. The findings only provide the latest evidence that mobile devices, which will be the primary way most of the world will access the internet within a few years, are […]
The post Risky mobile transactions are up 19% this year as patch providers race to keep up appeared first on CyberScoop.
Continue reading Risky mobile transactions are up 19% this year as patch providers race to keep up→