Digital Identity Insights

The New Global Cybercrime Landscape

Balance double-digit transaction increases with a strong cybercrime defense by prioritising identity trust.

LexisNexis® Risk Solutions Cybercrime Report

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Explore the Evolving Global Cybercrime Landscape

Cybercrime Report

As initial consumer reactions to the COVID-19 pandemic settled into durable, more defined buying behaviours in the second half of 2020, the importance of a robust and seamlessly connected omni-channel ecosystem became evident. Well-networked cybercriminals persist in leveraging the threat vectors of automated bot attacks, new account creations and payment transactions to relentlessly target key points across the customer journey.

Read our Cybercrime Report for July-December 2020 to understand the current growth trajectories of global digital commerce and specific transaction activities. Explore detailed insights into the most pervasive cybercrime trends and frequently targeted industries. You’ll see why a dynamic, multi-layered fraud prevention strategy is pivotal to fully capitalising on digital commerce opportunities and confidently defending your business in a rapidly evolving cybercrime environment.

Cybercrime Report Highlights

  • Global transaction volumes are up 29% year-over-year
  • Nearly 7 in every 10 transactions originate from a mobile device 
  • Automation and identity spoofing remain key attack vectors 
  • Payment transactions in eCommerce and financial services represent significant vulnerabilities 
  • Organisations within the LexisNexis® Digital Identity Network processed 24.6 B transactions but experienced a 58% year-over-year decline in human-initiated attacks 
  • Hyperconnected cybercrime networks continue to demonstrate high levels of cross-organisational, cross-industry and cross-regional threat activity  

About the Cybercrime Report

The LexisNexis Risk Solutions Cybercrime Report is based on cybercrime attacks detected by the Digital Identity Network from July-December 2020, during near real-time analysis of consumer interactions across the customer journey, from new account creations, logins, payments and other non-core transactions such as password resets and transfers.

The Digital Identity Network and its near real time policy engine provide unique insight into global digital identities across applications, devices and networks.

LexisNexis Risk Solutions customers benefit from a global view of risks, leveraging global rules within bespoke policies that are custom-tuned specifically for their businesses.

Find out more by downloading the most recent LexisNexis® Risk Solutions Cybercrime Report.

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Insights From Past Reports

Cybercrime Report July - Dec 2019

Cybercrime Report Jan-June 2020