From the report, “The report also looks at the trends in the usage by fraudsters of specific methods or directions of attack (e.g. location manipulation, account takeover, etc.). This is to provide insight into the various techniques commonly employed by today’s savvy fraudster. The increased sophistication of the online criminal underworld, where a huge and connected marketplace exists to provide numerous services that make theft easier (and where stolen data can be found easily and cheaply following the massive data breaches of the last few years), means that fraudsters have direct access to the tools and information they need to commit online fraud. This has lowered the barrier to entry for new fraudsters to enter, and enabled experienced fraudsters to increase the scale, sophistication and speed of their attacks. This report is designed to reflect the current patterns in that scene and help merchants to understand further and prepare for the attacks they are seeing or are likely to face.” Read on to find out more.

From the report, “Overall, 2016 saw a steady rise in online fraud attack rate, which increased 8.9% over the course of the year. The frightening “tsunami” of fraud attempts that many merchants experienced at the end of 2015 was not repeated, but the moderate rate of increase was sustained. For several industries, primarily apparel, digital goods and travel, 2016 was a year of dramatic fluctuations, affected by numerous fraudsters who were looking for new vulnerabilities they can exploit.” Read on to find out more.

From the report, “As such, Forter creates a biannual Fraud Attack Index to highlight these changes as they affect e-commerce and mobile merchants and to provide anti-fraud professionals with the context they need to succeed. This report leverages Forter’s data to examine the trends in online fraud attacks across industries, comparing the different fraud experienced by different verticals. The report also looks at the prevalence of specific fraud methods or directions of attack (e.g. location manipulation, botnets, etc.). This is to provide insights into the various techniques commonly employed by today’s cunning fraudsters.” Read on to find out more.