Security News > 2021 > August > Fraudsters increasingly focusing on digital accounts, whether existing or fake ones

Fraudsters are increasingly focusing on digital accounts, whether that is by compromising existing user accounts or creating fake new accounts to commit fraud, an Arkose Labs report reveals.

More than ever, fraudsters are attacking both of these digital touchpoints, which makes ensuring digital account integrity more vital than ever for businesses.

"Whether they are taking over existing user accounts, or creating fake accounts for a variety of purposes, fraudsters expertly disguise themselves as legitimate users to abuse and monetize digital accounts," said Kevin Gosschalk, CEO of Arkose Labs.

Additional highlights Surge in new account fraud - Fake new account registration comprised over one-third of attacks detected in 2021, an increase of over 70% from the end of 2020.

Prevalence of credential stuffing - With stolen credentials and sophisticated tools at their fingertips, fraudsters are continually profiting from high-volume credential stuffing attacks and getting through standard defenses.

The mobile attack rate was 24%, meaning businesses must be increasingly aware of attacks originating from mobile devices.

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