Some 71% of total fraudulent transactions recorded in Q2 2018 came from mobile browsers and applications, according to a new study.
The latest report from RSA Security’s Fraud and Risk Intelligence (FRI) unit revealed that this figure represented a six percentage point rise on the 65% reported in Q1 2018 (Q2 2017: 61%).
In addition, the RSA found that just 0.4% of legitimate payment transactions were attempted from a new account and new device.
However, this combination made up 27% of the total value of fraudulent payments, up from the 22% reported in Q1 2018.
Some 28% of fraud (value) in online banking payment originated from a trusted account/device.
The average UK fraud transaction was valued at $355 in Q2 2018, compared with just $193 for legitimate transactions.
In Q2 2018, RSA recovered almost 5.1 million unique compromised cards and card previews from online fraud stores and other sources.
This figure represented a 60% rise in cards recovered by the RSA compared with Q1 2018.
You can download the full RSA Quarterly Fraud Report: Q2 2018 from its website.
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