Security News > 2021 > April > Payment transaction volume using 3-D Secure protocol grows globally

RSA has published its latest quarterly fraud report, reinforcing the migration to more precise payment authentication methods and showing a notable spike in brand abuse attacks.

Mostly notably, payment transaction volume using the 3-D Secure protocol grew more than 73% globally, while 2.x transaction volume grew 26 times in the Americas alone.

The significant growth in 3-D Secure transaction volume is attributed to merchants of all sizes transforming to a digital-first business, combined with a more accurate payment authentication method supporting mobile-first shopping experiences.

"This transformation set the stage to deliver modern and precise payment authentication experiences that stop fraud while not disrupting good customers. It's no surprise that our own data showed a 73% increase in global 3-D Secure transaction volume and a 26-fold increase in 2.x transactions in the Americas alone."

Brand abuse attacks volume share doubling from 14% in 2019 to 27% of all attacks in 2020.

Confirmed fraudulent payment transactions increased by 8%, while the value of fraudulent chargeback transactions increased by 94%. Mobile vs web transaction share increase of 43% in Q4 alone, year over year.

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