Analysis: The Growth of Mobile FraudIovation's New Research Reveals the Latest Trends
In the first half of this year, 49 percent of all risky transactions worldwide originated on mobile devices, up from 30 percent for all of 2018, according to new research from the security company iovation.
A big reason for the growth in mobile fraud, iovation reports, is that some 61 percent of all transactions now originate from mobile devices.
"More and more transactions are happening on mobile devices," says Brooke Snelling of iovation. "So it would appear that fraudsters are now aware of that and are now using more mobile devices, or emulators to look like mobile devices. So we're now seeing an increase in risky transactions coming in on mobile."
In a joint interview (see audio link below photos) with Information Security Media Group, Snelling and Melissa Gaddis of iovation also discuss:
- How they define a "risky" mobile transaction;
- Why North America is now the leading continent for mobile fraud;
- The most prevalent types of mobile fraud.
Gaddis is senior director of global customer success at iovation. She has more than 20 years of experience leading teams within the risk and fraud management arena across all industries.
Snelling is senior product marketing manager at iovation who has more than 10 years experience.