This Cybersecurity Report Analysed 35 Billion Transactions

Fraud patterns are changing considerably as consumer dependence on the mobile channel continues to increase. Over the past three years, the share of attacks on mobile channels, versus desktop, has risen steadily, moving from accounting for just about 40% of all attacks in H1 2018 to about 60% in H2 2021, data from the LexisNexis Risk Solutions Cybercrime Report, July to December 2021, show.

The research, which analyzed 35.5 billion transactions over the six-month period, found that users’ shift to mobile channels has driven fraudsters and cyber criminals towards mobile apps and mobile browser. In H2 2021, attacks on mobile app logins globally increased 138% year-on-year (YoY), while attacks on mobile payments grew 63%.

This trend comes as consumers are favoring mobile channels over desktop to conduct financial transactions. In H2 2021, the mobile share of transactions in the LexisNexis Digital Identity Network, a fraud detection tool, reached 75% for the time, effectively becoming the predominant means by which consumers transact.

This is to the detriment of desktop-based transactions which continued to decline in H2 2021, sliding from a 45% market share in H1 2018 to just 25%.

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