IOVATION


Fraudsters Increasingly Leverage Mobile Devices


Consumers transact more from mobile.


And so do fraudsters.


51% 2017 56% 2018 61% 2019


33%


30%


49%


61% of all online transactions came from mobile devices so far this year, up from 56% in 2018, 51% in 2017 and 45% in 2016


2019 Industry Trends Greatest % of mobile transactions


have a higher percentage of fraudulent activity originating from them. Currency: The type of currency tied to a device provides additional context to the region associated with the device. This can be another way to determine if the device is coming from a risky location. Language: Much like countries, carriers and currency, the language used on a device provides additional context on the transaction which can help crack a fraud case when a fraudster is attempting to mask other aspects of their device. Mobile OS version: Certain mobile operating system versions may correlate with fraud or abuse.


MOBILE TRANSACTION JUMP iovation found 61% of all online transactions came


from mobile devices so far this year, up from 56% in 2018, 51% in 2017 and 45% in 2016. Europe and North America are consistently among the top continents for mobile transactions with 67% and 60% respectively so far this year. The top industry for mobile transactions so far in 2019 is Communities with 73%.


METHODOLOGY


iovation came to its findings by analysing the 30 billion online transactions it evaluated for fraud from January 2016 to June 30, 2019. To find the risky mobile transactions, it calculated the percent of risky transactions from mobile devices compared to overall risky transactions. For overall mobile transactions, it calculated the percent of mobile transactions compared to all online transactions. iovation defines risky transactions as those that typically result in fraud.


Highest % of mobile transactions


Aruba 82%


Cameroon 92%


88% Cuba


Gabon 85%


85%


Highest % of risky transactions that came from mobile devices


iovation research, July 2019


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Fraudsters are like chameleons; they are always adapting their tactics to make it look like they’re legitimate customers


Mobile Risk Signals Virtualization


73%


72% Communities Gambling


61% Retail


Greatest % of risky transactions coming from mobile devices


Language OS Version


Emulators


Virtual Machines Device Details


75% Telecom


58% Retail


50% Financial


Currency


Orientation


Network Settings


2019 Global Trends SIM Country SIM Carrier


Jersey 84%


Gabon 91%


Consumers transact more from mobile.


And so do fraudsters.


GIO NOVEMBER 2019 23


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