There were so many financial fraud attacks detected last year that, if spread out evenly, one was found every two minutes.

Cybersecurity firm RSA Security found that many of these fraud attempts target mobile users. Fraud and brand abuse attacks on social media increased by almost two-thirds (62 per cent) year-on-year, compared to 2018. The number of rogue mobile apps found in “popular app stores” rose 175 per cent in the same period.

Also, three in five fraudulent transactions identified in Q4 2019 originated from a mobile browser.

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