San Jose, Calif. (PRWEB) October 09, 2013
ThreatMetrix™, the fastest-growing provider of integrated cybercrime solutions, continues its commitment to National Cyber Security Awareness Month by aligning to the week two theme, “Being Mobile: Online Safety and Security.”
New data from the ThreatMetrix™ Global Trust Intelligence Network (The Network) confirms the growing use of mobile devices for banking and online shopping. Of more than 500 million monthly transactions, The Network finds 26 percent initiate from mobile devices and more than a third of mobile transactions are for online banking purposes.
“Mobile transactions are continuously on the rise across industries which translates to an increased risk for cybersecurity threats,” said Andreas Baumhof, CTO, ThreatMetrix. “In fact, by the end of the year, mobile commerce sales are projected to surpass $25 billion. Businesses must have preventative strategies in place to assure mobile transactions are protected from cybercriminals.”
The rapid growth in mobile transactions comes with increased cybersecurity risks – mobile activity does not necessarily go through the same high level security screening as desktop transactions. Specifically, mobile transactions pose a high fraud risk for the following reasons:
“Our data shows that hackers are fully aware of the vulnerabilities in mobile security, and they are using them to their advantage,” said Baumhof. “We are also seeing a growing number of suspicious transactions come from PCs that are pretending to be mobile devices by disguising their browser IDs as mobile browsers. Again, this is in the hope that they can bypass lighter security or fraud prevention measures found on mobile browsers.”
Recent ThreatMetrix data on mobile security goes hand in hand with this week’s National Cyber Security Awareness Month theme – “Being Mobile: Online Safety and Security,” as ThreatMetrix aligns with the Department of Homeland Security’s emphasis on the importance of cyber security no matter what device customers access data from.
For more information on National Cyber Security Awareness Month, visit: http://www.dhs.gov/national-cyber-security-awareness-month or http://staysafeonline.org/ncsam/.
ThreatMetrix secures Web transactions against account takeover, payment fraud, identity spoofing, malware, and data breaches. The ThreatMetrix Global Trust Intelligence Network, which analyzes 500 million monthly transactions, provides context-based authentication and Web fraud prevention to help companies accelerate revenue, reduce costs and eliminate friction. ThreatMetrix protects more than 1,900 customers and 9,000 websites across a variety of industries, including financial services, enterprise, e-commerce, payments, social networks, government, and insurance. For more information, visit http://www.threatmetrix.com or call 1-408-200-5755.
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