Mobile

9/12/2018
11:45 AM
50%
50%

Mobile Attack Rates Up 24% Globally, 44% in US

One-third of all fraud targets are mobile, a growing source of all digital transactions.

The proportion of mobile-vs.-desktop transactions has nearly tripled in the last three years, and instances of mobile fraud and cyberattacks have grown as attackers go where their victims are.

More than half (58%) of digital transactions now originate from mobile devices, ThreatMetrix researchers discovered in their Q2 Cybercrime Report 2018. One-third of all fraud now targets mobile, with global attacks up 24% compared with the first half of 2017. The United States saw a far higher growth rate: Mobile cyberattacks increased 44% during the same time period.

The financial services sector has been hit hard with the growth of mobile cybercrime. Of the 81 million attacks to hit the industry in the first half of 2018, 27 million targeted mobile devices as fraudsters capitalize on the rise of mobile banking adoption. The biggest threat to financial services, researchers report, comes from device spoofing. Attackers attempt to trick banks into thinking fraudulent login attempts are coming from new customer devices.

Identity spoofing is a broad problem, especially on social networks and dating websites, which have the highest mobile footprint across industries: 85% of total transactions, and 88% of account creations, for social sites happened on mobile devices. Identity spoofing makes up 13.3% of attacks on this sector; attackers often use proxy servers to trick their victims into thinking they're geographically closer than they are.

Read more details here.

 

Black Hat Europe returns to London Dec 3-6 2018  with hands-on technical Trainings, cutting-edge Briefings, Arsenal open-source tool demonstrations, top-tier security solutions and service providers in the Business Hall. Click for information on the conference and to register.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Understanding Evil Twin AP Attacks and How to Prevent Them
Ryan Orsi, Director of Product Management for Wi-Fi at WatchGuard Technologies,  11/14/2018
Veterans Find New Roles in Enterprise Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/12/2018
To Click or Not to Click: The Answer Is Easy
Kowsik Guruswamy, Chief Technology Officer at Menlo Security,  11/14/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Online Malware and Threats: A Profile of Today's Security Posture
Online Malware and Threats: A Profile of Today's Security Posture
This report offers insight on how security professionals plan to invest in cybersecurity, and how they are prioritizing their resources. Find out what your peers have planned today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-19301
PUBLISHED: 2018-11-15
tp4a TELEPORT 3.1.0 allows XSS via the login page because a crafted username is mishandled when an administrator later views the system log.
CVE-2018-5407
PUBLISHED: 2018-11-15
Simultaneous Multi-threading (SMT) in processors can enable local users to exploit software vulnerable to timing attacks via a side-channel timing attack on 'port contention'.
CVE-2018-14934
PUBLISHED: 2018-11-15
The Bluetooth subsystem on Polycom Trio devices with software before 5.5.4 has Incorrect Access Control. An attacker can connect without authentication and subsequently record audio from the device microphone.
CVE-2018-14935
PUBLISHED: 2018-11-15
The Web administration console on Polycom Trio devices with software before 5.5.4 has XSS.
CVE-2018-16619
PUBLISHED: 2018-11-15
Sonatype Nexus Repository Manager before 3.14 allows XSS.