Based on the recent report from LexisNexis Risk Solutions, some of the fraud attacks grew in the 1st half of 2019. To discover which attacks are currently “trending” and know who can help you with the most reliable and cheapest high risk merchant account, just keep on reading.
Fraud Attacks: High Risk Merchant Account
The latest Cybercrime Report, LexisNexis’ Digital Identity Network shows 16.4 billion transactions during January – June period. 277 million of them were organized by humans. This number points to 13{4a5789dcd27a1613dee314851edeac5aad088eb5b2e9282c9a512c32eca81752} growth over the 2nd half of 2018.
E-commerce companies also note that bot attacks are on the rise, specifically, new account creation ones. The latter attacks grew 305{4a5789dcd27a1613dee314851edeac5aad088eb5b2e9282c9a512c32eca81752} and are mostly observed in online marketplaces, companies offering virtual gift cards, and ridesharing sites.
Worldwide, attacks on mobile apps grew 148{4a5789dcd27a1613dee314851edeac5aad088eb5b2e9282c9a512c32eca81752} in 6 months with the main focus on media companies, specifically on social media and gaming/gambling companies. This is the space where bad guys register for new player bonuses to sell so to gain profit.
What measure are you taking to protect your business from fraud? One thing is for sure: you can’t do without working with a secure and reliable payment processor in … Read More..