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NuData Security Reveals Recent Online Fraud Trends in Wake of Significant Breaches

August 25, 2015 — NuData Security Reveals Recent Online Fraud Trends in Wake of Significant Breaches

NuData Security today announced new threat intelligence that provides insight into the last trends in online fraud.

Growing Size and Scope of Breaches and Exposure of Personally Identifiable Information Verify the Necessity of User Behavior Analytics in Online Fraud Detection Solutions

VANCOUVER, British Columbia – Aug. 25, 2015 – NuData Security today announced new threat intelligence that provides insight into the latest trends in online fraud.

Trends NuData Security researchers have observed include:

  • Account takeover, in which fraudsters steal an established account with personally identifiable information (PII) attached to it, continues to beat credit card fraud. This continuing trend showcases fraudsters’ preference for account details beyond just credit cards.
  • NuData Security evaluated 5.1 billion behaviors in May through July. Of the over 500 million account creations analyzed, more than 57 percent were flagged as high risk or fraudulent, compared to 28 percent in February through April.
    • Account creation fraud has increased by more than 100 percent since February 2015.
  • Nearly half of all account registration fraud attempted in May was tied to creating false accounts to deliver false product ratings.

Read the full release at PR Newswire, click here.