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Cybercrime report reveals new opportunities and risks for EMEA in online channels

Cybercrime report reveals new opportunities and risks for EMEA in online channels

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Cybercrime report reveals new opportunities and risks for EMEA in online channels

LexisNexis Risk Solutions has released its biannual Cybercrime Report, which tracks global cybercrime activity from January 2020 through June 2020. The report dives deep into how the COVID-19 pandemic has impacted the global digital economy, regional economies, industries, businesses and consumer behaviour. The period has seen strong transaction volume growth compared to 2019 but an overall decline in global attack volume. This is likely linked to growth in genuine customer activity due to changing consumer habits.

The LexisNexis Risk Solutions Cybercrime Report analyses data from more than 22.5 billion transactions processed by the LexisNexis Digital Identity Network, a 37% growth year over year. Mobile device transactions also continue to rise, with 66% of all transactions coming from mobile devices in the first half of 2020, up from 20% in early 2015. The Digital Identity Network also notes an uptick in transactions from new devices and new digital identities. We attribute this to many new-to-digital consumers moving online to procure goods and services that were no longer available in person or harder to access via a physical store, during the pandemic.

The Europe, Middle East and Africa region (EMEA) saw lower overall attack rates in comparison to most other global regions from January through June 2020. This is due to a high volume of trusted login transactions across relatively mature mobile apps.

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