Account Takeover Attempts Have Nearly Doubled
Tue, 06/18/2013 - 10:33am
ThreatMetrix announced its Cybercrime Index, a series of Web fraud data aggregated from 1,500 customers, 9,000 websites and more than 1.7 billion cyber events.
In a recent six-month snapshot ending March 31, 2013, ThreatMetrix determined that attacks on new account registrations using spoofed and synthetic identities saw the highest rate of attacks followed by account logins and payment fraud.
Nearly one in ten registrations for online services originates from a cyber criminal. New account registrations include applying for new lines of credit, creating a profile on a social networking site or marketplace and enrolling in an authentication scheme.
The most common form of stolen identities is by human or bot-generated fraud attacks directed through proxies and VPNs intended to disguise the true origin of the attacker. These bypass IP address-based geo filter blacklists that also have the downside of unknowingly blocking legitimate visitors.
Source: Help Net Secutiry