LexisNexis Report Shows 13% Rise in Human-Initiated Cyber Attacks; Haywood Talcove Quoted

A new LexisNexis Risk Solutions report looked at the cyber threat landscape between January and June and found 277M human-initiated cyber attacks, a 13 percent rise over the second half of 2018.

LexisNexis said Tuesday its 2019 Cybercrime Report used the Digital Identity Network system to assess millions of transactions and found a shift toward networked cyber crime across multiple organizations and industries and an increase in bot attacks on new accounts in e-commerce and media sectors.

Within e-commerce, companies saw a 305 percent growth in bot attacks targeting new accounts, while media firms witnessed a 65 percent surge in such attacks on new accounts within six months.

The report showed a 148 percent jump in attacks on mobile applications in six months. Threat actors leverage mobile app registrations and account creations to gain access to personal information.

Haywood Talcove, CEO of LexisNexis™ government business, said agencies should adopt a layered cybersecurity approach to protect their systems from cyber vulnerabilities and implement a platform that has three components: authentication, physical identity and high-level digital identity intelligence capabilities.

œThese three components will help agencies meet regulatory requirements, improve user experience, and locate evolving fraud. If this approach is executable in near real-time, it allows for more streamlined regulatory compliance processes and reduces friction across the citizen experience, Talcove added.

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