ThreatMetrix In The News

Digital persona and transaction authentication company ThreatMetrix is enjoying a strong 2016 on several fronts, highlighted by growing network usage with the core e-commerce industry and accelerated market adoption in global financial services.

With 85 per cent of cyber attacks directed at startups, protecting your business is more important than ever. The figures come from security firm ThreatMetrix, which says cybercrime attacks increased by 50 per cent in the second quarter of this year, with startups considered especially easy prey for hackers.

According to security firm ThreatMetrix, cyber crime attacks went up by 50% in all segments in the second quarter of 2016, which is a worrisome trend. Start-ups are considered to be an especially easy prey for hackers, as in 2014, 85% of all data breaches were directed at small businesses and start-ups. Besides targeted cyber-crime, start-ups suffer from…

Online retailers reject two and a half times as many cross-border orders as domestic orders, according to the latest ThreatMetrix report on digital fraud, but it may be unnecessary for e-commerce players to deny so many cross-border transactions. Although merchants tend to assume that international orders carry more fraud risk than domestic orders, the data doesn’t…

With the near-constant occurrence of highly organized and complex cybercrime attacks, effective digital authentication has never been more challenging. Businesses must verify who they’re transacting with by implementing additional security measures, but at the same time they need to minimize friction and provide seamless user experiences to avoid losing users to competitors.

Among the biggest targets are P2P marketplaces where a lot of user-generated content is being offered at a more affordable price in comparison to major brands. Cyber criminals have spotted this trend and have used the lack of tight security to exploit some of these platforms. Using stolen or fake accounts, social engineering, and other…

More than 10% of European account creations are now rejected as the impact of multiple high-profile data breaches is felt keenly and fraudsters attempt to sign up for accounts with stolen and spoofed identities, which are easily available for sale on the dark web. This represents an increase of 123% since 2015. “Using compromised and…

Everyday users and consumers are increasingly gravitating toward P2P marketplaces, trusting user-generated content over that of organizations and brands. This shift in trend has caught the attention of cybercriminals and it shows. Nearly a quarter of media transactions in Q2 2016 were rejected, representing a 92% increase over 2015 with cybercriminals attempting to set up…

Nearly a quarter of media transactions were rejected in the second quarter Europe-wide ahead of the key holiday season, the report shows, which represents a 92% increase over 2015 as fraudsters attempt to sign up for accounts, create fraudulent content and distribute spam and malware.

P2P marketplaces are now more popular than ever, with consumers preferring to trust user-generated content over the individual brands or organisations’ websites. One of the biggest reasons consumers flock to peer-to-peer marketplaces is often to save money and nowadays P2P sites offer a way of shopping around to make sure they get the best deals….