CYBERCRIME REPORT: Spike in digital fraud, but consumers can be part of the solution – global survey

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Digital transactions dominated the global marketplace with an increase of 37% year on year for the six months to end June, while businesses saw a corresponding 38% jump in malicious bot attacks over the past year.

Fraud evolves with new payment methods:

However, authentication expert Entersekt says South African consumers are now so hyper-aware of protecting their personal data, that many are inadvertently disabling their means to some of the strongest digital security available. “Context-aware authentication looks at each transaction and each user profile and then makes a judgement call as to the most appropriate authentication journey for that transaction.

 

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