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New York Tops ThreatMetrix List of US Cities for Online Fraud Origination
SAN JOSE, Calif. --(Business Wire)--
ThreatMetrix™,
the fastest-growing provider of integrated cybercrime prevention
solutions, today announced the findings of a new study around the top
U.S. cities for the origination of online fraud. The study revealed that
New York is the nation's epicenter for online fraudsters, followed by
Atlanta, Chicago, Los Angeles, and Omaha respectively.
Top 10 U.S. Cities for the Origination of Online Fraud (Photo: Business Wire)
Leveraging a sample of nearly a billion transactions performed by select
U.S.-based e-commerce merchants, ThreatMetrix reviewed the online
activity for the first quarter of 2012, scoring each transaction with a
fraud risk of low, medium or high. High risk transactions are typically
rejected automatically by merchants while medium risk ones tend to
result in manual review. The top 150 U.S. cities were then ranked based
on their percent of high and medium risk transactions.
"New York was ranked No. 1 in e-commerce fraud risk with transactions
1.5 times as likely to be at risk in comparison to second ranked
Atlanta, and twice as likely in comparison to No. 3 Chicago," said
Alisdair Faulkner, chief products officer, ThreatMetrix. "As fraudsters
grow more sophisticated and expand globally, it's only natural that
large cities with international profiles, easy access to shipping and
high connectivity rates will become breeding grounds for new generations
of cyber threats, including both fraud and malware."
Cybercrime is becoming an increasingly worrisome problem for e-commerce
merchants, financial institutions and other online businesses. In 2011,
25 million new, unique strains of malware were released - a number that
is projected to explode to 87 million by the end of 2015, according to
the Aite Group.
Cities like New York, Chicago and Los Angeles are a gold mine for
cybercriminals that steal identities, passwords and credit cards. We
would expect to see a highly connected city like San Francisco rank
higher, but perhaps the relatively substantial penetration of Apple (News - Alert)
devices which are largely seen to be less vulnerable to malware explains
its relatively low ranking, added Faulkner.
The top 10 list of U.S. cities for fraud origination, ranked from
highest to lowest includes:
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Rank
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City
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1
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New York
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2
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Atlanta
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3
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Chicago
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4
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Los Angeles
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5
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Omaha
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6
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Dallas
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7
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San Francisco
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8
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Houston
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9
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Washington D.C.
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10
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Lexington, KY
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With the recent acquisition of TrustDefender™, ThreatMetrix offers the
only integrated solution that combines intelligent device identification
with malware detection and remediation. Today, the company protects more
than 5,000 websites for some of the world's largest brands and profiles
nearly 1 billion devices on a monthly basis.
Faulkner adds, "ThreatMetrix is committed to identifying and addressing
the full range of cyber threats that are being deployed against
e-commerce merchants and financial institutions - no matter where they
originate. Like our clients, we are relentless in our efforts to stay
ahead of the curve and to anticipate the next wave of attacks before
they occur."
Since a high number of cyber attacks originate outside the U.S.,
ThreatMetrix will release a similar list of the top international cities
for fraud origination in future reports.
For more information, please visit the ThreatMetrix Resource Center at http://threatmetrix.com/resource-center/.
About ThreatMetrix
ThreatMetrix is the fastest-growing provider of integrated cybercrime
prevention solutions. The ThreatMetrix™
Cybercrime Defender Platform helps companies protect customer data
and secure transactions against fraud, malware, data breaches, as well
as man-in-the browser (MitB) and Trojan attacks. The Platform consists
of advanced cybersecurity technologies, including TrustDefender™
ID, which is cloud-based, real-time device identification, malware
protection with TrustDefender™
Cloud and TrustDefender™
Client, as well as TrustDefender™
Mobile for smartphone applications. The company serves a rapidly
growing global customer base across a variety of industries, including financial
services, e-commerce,
payments, social networks, government, and healthcare.
For more information, visit www.threatmetrix.com
or call 1-408-200-5755.
© 2012 ThreatMetrix. All rights reserved. ThreatMetrix, TrustDefender
ID, TrustDefender Cloud, TrustDefender Mobile, TrustDefender Client, the
ThreatMetrix Cybercrime Defender Platform, ThreatMetrix Labs, and the
ThreatMetrix logo are trademarks or registered trademarks of
ThreatMetrix in the United States and other countries. All other brand,
service or product names are trademarks or registered trademarks of
their respective companies or owners.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50240898&lang=en
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