image credit: Flickr

ThreatList: Amidst Data Breaches, Account Creation Fraud Soars in 2019

September 10, 2019

The first half of 2019 saw a 13 percent increase in fraudulent activity compared to the previous six months, with a spike in June representing the highest-volume bot attack that’s been recorded since 2016, according to an analysis from LexisNexis.

The firm’s report, with data gleaned from 277 million human-initiated attacks across its Digital Identity Network, shows that bot attacks focused on new account creations are on the rise, bent on building fake online identities across diverse sectors. This type of attack is the only criminal “use case” that saw growth in the study period.

Read More on Threat Post