RSA Quarterly Fraud Report – Q2 2019

The RSA® Quarterly Fraud Report contains fraud attack and consumer fraud data and analysis from the RSA® Fraud and Risk Intelligence team. It represents a snapshot of the cyber fraud environment, providing actionable intelligence to consumer-facing organizations of all sizes and types to enable more effective digital risk management.

RSA-OBSERVED FRAUD ATTACK AND CONSUMER TRENDS

For the period starting April 1, 2019, and ending June 30, 2019, RSA observed several global fraud trends across attack vectors and digital channels. The highlights include:

• Phishing accounted for 37 percent of all fraud attacks observed by RSA in Q2. Overall, phishing volume has increased 6 percent since last year.
• While Canada remained the top targeted country in Q2, overall attack volume decreased 33 percent from last quarter. However, India and South Africa saw a significant increase in overall attack volume. Quarter over quarter, phishing attacks targeting India increased 54 percent while attacks targeting South Africa increased almost 200 percent.
• Fraud attacks from rogue mobile applications increased 191 percent in the first half of 2019.
• Fraud attacks introducing financial malware increased 80 percent in the first half of 2019.
• Forty-seven percent of card-not-present (CNP) fraud transactions originated from the mobile channel. The average value of a CNP fraud transaction in the U.S. was $352, nearly 50 percent higher than that of an average genuine transaction of $220.
• RSA recovered over 6.8 million unique compromised cards in Q2. This is a significant decrease from the previous quarter, but not surprising as there tends to be a large increase in carding activity right before and after the winter holidays.