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Criminals attempt 25 million payments and logins a month

Discussion in 'CSO' started by RSS, May 8, 2015.

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    About 25 million of the 1 billion transactions analyzed each month by ThreatMetrix are fraudulent, the company said in a new report.

    During the last quarter of 2014 and the first quarter of 2015, 4 percent of all attempts to create new online accounts were definitely illegitimate, as were 2.3 percent of all account logins, and 3.2 percent of all payment attempts.

    There were 11.2 million fraud attempts during the holiday shopping season alone, the company said.

    MORE ON CSO: How to spot a phishing email

    "This is actually undercounting the problem because it is not counting the gray area ones that might require further review," said Alisdair Faulkner, chief products officer at ThreatMetrix.

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