Australian fraud transactions down by 31%, RSA report reveals


RSA has released its RSA® Quarterly Fraud Report containing fraud attack data, consumer fraud data, and analysis from the RSA® Fraud and Risk Intelligence team.

The report represents a snapshot of the cyber fraud environment across the globe, providing actionable intelligence to consumer-facing organisations of all sizes and types to enable more effective digital risk management.

For the period starting January 1, 2019, and ending March 31, 2019, RSA observed several global fraud trends and digital risks across. These include:

  • The average value of a fraud transaction in Australia decreased 31 percent, from $387 last quarter to $267 in Q1.
  • Phishing accounted for 29 percent of all fraud attacks observed by RSA in Q1. While overall phishing volume increased less than 1 percent quarter over quarter, in terms of overall fraud attacks, phishing decreased sharply due to the exponential growth of attacks from rogue mobile apps.
  • Fraud attacks from rogue mobile applications increased 300 percent, from 10,390 rogue apps in Q4 to 41,313 in Q1.
  • Fraud attacks introducing financial malware increased 56 percent, from 6,603 in Q4 to 10,331 in Q1

The full RSA Q1 2019 report is available here: