Phishing is the fraudulent attempt to obtain sensitive information, including usernames, passwords, and credit card details, by disguising oneself as a trustworthy entity in an electronic communication.
Cyber security company RSA affirms that while overall phishing volume increased less than 1%quarter over quarter, in terms of overall fraud attacks, phishing decreased sharply due to the exponential growth of attacks from rogue mobile apps. Moreover, a recent report found that fraud attacks from rogue mobile applications increased 300%, more precisely from 10,390 rogue apps in Q4 to 41,313 in Q1 2019. Also, fraud attacks introducing financial malware increased 56% from 6,603 in Q4 to 10,331 in Q1.
Moreover, the report notes that CNP fraud transactions increased 17%, and 56% of those originated from the mobile channel. RSA recovered over 14.2 million unique compromised cards in Q1. Fraud from mobile browsers decreased from 49% to 43% per cent, while fraud from mobile apps increased from 21% to 29%.
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