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Global race to digitize consumer shopping drives modern payment authentication methods to address massive increase in overall attack volume
BEDFORD, Mass.–(BUSINESS WIRE)–
RSA, the leader in cybersecurity and risk management solutions, 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. The Q1 published report features insights from Q4 and full year 2020 data collected while authenticating consumer transactions and investigating threats on behalf of RSA customers.
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(Graphic: Business Wire)
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…
