LexisNexis Risk Solutions Cybercrime Report Reveals 19% Annual Increase in Global Human-Initiated Digital Attack Rate

The number of ecommerce transactions increased modestly by 7% in 2023, as rising interest rates and global inflation cooled consumer spending. However, where consumers held back, fraudsters became more active. The volume of human-initiated attacks surged 80% YOY, resulting in an attack rate of 2.8% (up by 59% YOY). A key component of this growth in attacks was fraudsters' focus on account takeover of ecommerce accounts, with the attack rate at login reaching 3.3% (an increase of 119% YOY). Greater adoption ...