Mobile transactions increased during Q2 2015, with ThreatMetrix analyzing more than 3 billion transactions, and 75 million attacks were stopped in real-time.
Criminals trying to take advantage of mobile transactions have a number of different methods to compromise users, including spoofing attacks able to impersonate users. Cybercrime is growing across all industries and online channels, so it's important for businesses and companies offering mobile solutions to work to make improve their security.
"As commerce goes global and mobile, cybercrime follows suit, as is evidenced by the high volume of attacks targeting cross-border and mobile transactions," said Vanita Pandey, senior director of strategy and product marketing at ThreatMetrix. "Cross-border transactions open the door to new revenue opportunities for businesses but are easy targets for cybercrime attacks, so they must make every effort to ensure they're stopping fraudulent transactions without rejecting authentic customers."