The Calm Before The Storm? LexisNexis Risk Solutions Cybercrime Report

After several years of skyrocketing digital fraud, the LexisNexis® Cybercrime Report shows the rate of attacks by humans rising by just 1% last year.

That said, the number of attacks is still increasing, and organisations that become complacent are putting themselves at risk.

Challenges are still multiplying around the world, and in the communications, mobile and media sector attack rates were up 15% year-over-year (YOY). In other sectors, there was no significant increase in attack rate, suggesting that fraudsters are avoiding organisations with more sophisticated defences.

But the attack-rate slowdown we’re seeing might be short-lived; fraudsters and scammers are likely retrenching against heightened security.

In its report, LexisNexis® Risk Solutions explores the tangled web of scams and mules in depth and shows how data reveals tell-tale patterns of scam and mule activity.

It also demonstrates the value of collaboration as the only way to reliably reduce fraud in today’s complex environment.

LexisNexis® Risk Solutions analysed more than 104 billion transactions for this Cybercrime Report, a new record.

The research revealed that after two years of substantial increases, overall global attack rates finally began stabilising. 

Download the full report here.

Download the full report