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Outseer Fraud

TM

& Payments Report


Q2 2021

Digital transaction insights from the


Outseer Global Data NetworkTM
Contents
Executive Summary 03

Part 1: Fraud Attack Trends: Overview 04 CNP Trends 14

Fraud Attack Type Distribution 05 EMV 3DS2 Mobile App Transaction Trend 15

Top Phishing Target Countries 06 Global EMV 3DS2 Transaction Volumes Trend 16

Top Phishing Hosting Countries 07 Featured Article: Introducing Outseer 17



Top Phishing ISPs 08

Part 2: Consumer Fraud Trends 09

Transaction and Fraud Transaction Distribution by Channel 10

Average Credit Card Transaction and Fraud Transaction Values 11

Device Age vs. Account Age 12

Compromised Credit Cards Discovered/Recovered by Outseer 13

Outseer Fraud & Payments Report: Q2 2021 2


Outseer -Observed Fraud Attack and Consumer Trends
During the first quarter of 2021, Outseer observed several global
fraud trends across attack vectors and digital channels. The
highlights include:

• In Q1 2021 Outseer identified over 50 thousand global cyber attacks


• As they did the last quarter, cybercriminals exploiting the pandemic made
Brand Abuse attacks the fastest growing attack vector, with a 58% increase
from Q4 2020 and a 158% increase from the same quarter last year
• Brand Abuse attacks became the predominant attack vector, representing
58% of all attacks
• The United States had the highest attack rate increase of phishing attacks
over the previous quarter (44%); South Africa experienced the highest attack
rate increase compared to the same quarter last year (96%) (note huge
Taiwan growth YTY)
• The United States was the top hosting country for phishing attacks, with 74%

Executive Summary
of attacks originating there
• The average value of fraudulent payment transactions in the mobile channel
grew 70% in Q1 2021 from Q4 2020
The OutseerTM Fraud & Payments Report presents an analysis of fraud • In Q1 2021, the average value of fraudulent transaction from mobile was 46%
attack and consumer fraud data collected by the Outseer team in the of the average value of fraudulent transactions made from web browsers
course of work identifying threats for Outseer customers. As such, it
• EU had the most significant increase of EMV 3DS2 transaction volumes from
provides a glimpse into the cyber fraud landscape for consumer-facing Q4 2020 to Q1 and currently 35% of EU 3DS transactions are EMV 3DS2
organizations of all sizes and types.

Outseer Fraud & Payments Report: Q2 2021 3


Part 1 Fraud Attack Trends: Overview
Phishing and malware-based attacks continue to be the most prevalent
online fraud tactics of the past decade. Phishing attacks not only enable
online financial fraud, but these sneaky threats also chip away at our sense
of security as they get better at impersonating legitimate links, messages,
accounts, individuals and websites. Similarly, Brand Abuse attacks and
rogue mobile apps are designed to deceive by mimicking legitimate branded
websites and apps. Automated fraud comes in the form of the various active
banking Trojan horse malware families in the wild today. These malicious
programs often go undetected until it is too late.
By tracking and reporting the volume and regional distribution of these fraud
threats, Outseer strives to contribute to ongoing efforts to make consumers
and organizations more aware of the current state of cybercrime and
contribute to the conversation about combating it more effectively.

Outseer Fraud & Payments Report: Q2 2021 4


Fraud Attack Trends: Overview
Fraud Attack Glossary
Fraud Attack Type Distribution
Brand Abuse
Outseer identified over 50 thousand attacks worldwide in Q1 2021, collaboration tools utilized by organizations during the pandemic – all Online content, such as social media, that misuses an organization’s
with Brand Abuse attacks showing relentless growth. In our previous fertile hunting ground for fraudsters. As digital transformation continues brand with the purpose of misleading users.
Fraud Report, we reported significant growth in Brand Abuse attacks, to accelerate, Brand Abuse is likely to continue to grow. Phishing
which nearly doubled year over year to represent 27% of all attacks represents 21% of all attacks, followed by rogue mobile apps, at 17%. Phishing
in 2020. In Q1 2021 the trend continued, growing by 58% from the Although the number of rogue mobile apps decreased from the previous Cyberattacks attempting to steal personal information from
previous quarter. Brand Abuse attacks now represent 56% of all quarter, it is worth noting that it increased by 14% compared to the same unwitting end-users under false pretenses, either by email, phone
attacks detected by Outseer, with over 28,000 Brand Abuse attacks quarter in 2020. At 6%, Trojan attacks dropped again; criminals have call (vishing) or SMS text (smishing).
detected this quarter. This is likely a direct result of the increased clearly shifted fraud strategies to Brand Abuse. Rogue Mobile Apps
use of digital platforms like social media sites, web, and cloud-based Mobile applications using an organization’s brand without
permission.

Trojan Horse
Stealthy malware installed under false pretenses, attempting to
steal personal user information.

56% 17%
Brand Abuse Rogue Mobile Apps

58%
INCREASE IN BRAND ABUSE
ATTACKS IN Q1 2021 FROM
PREVIOUS QUARTER
6% 21%
Trojan Horse Phishing

Outseer Fraud & Payments Report: Q2 2021 5


Fraud Attack Trends: Overview
Top Phishing Target Countries
Serbia
NETHERLANDS Romania

5% Slovakia
Sweden
Finland

Iceland
Denmark
CANADA
22%
Russian Federation

EMEA
United Kingdom
IRELAND
4%
NORTH
Poland

Belgium

AMERICA
Luxembourg Germany Ukraine
Kazakhstan
FRANCE Switzerland

2%
APAC
Republic of Korea
Gibraltar Lebanon CHINA
UNITED STATES
1%
SPAIN Italy Greece Israel TAIWAN
16%
Czech Republic

10% 2%
Bermuda Qatar Japan
Austria
GREECE INDIA Macau

1%
Cyprus

5%
Haiti Taiwan
Saudia Hong Kong
MEXICO Dominican Republic Slovenia Arabia Myanmar
Puerto Rico
PHILIPPINES
3% Jamaica Barbados
Trinidad and Tobago

Venezuela Nigeria
Kuwait Bangladesh
Vietnam
Philippines
1%
ALL OTHERS United Arab Emirates Thailand Brunei Darussalam

7%
Colombia

LATAM
Singapore
PERU Brazil Pacific Ocean
3%
Indonesia
Peru Mozambique

Bolivia Atlantic Ocean


Pacific Ocean AUSTRALIA Australia

Chile
2%
Phishing Targets
Argentina SOUTH AFRICA
The same countries targeted in phishing attacks last quarter continued to take the top
16%
New Zealand

spots in Q1. Attacks targeting the US grew by 44% and those targeting Spain grew by
28%. Those with targets in South Africa increased by 11% after a significant jump in Q4
2020. It appears that the large breach announced by Experian in August 2020, affecting
24 million South Africans and almost 800 local businesses, continued to fuel phishing
attacks this quarter. It is worth noting that Peru and Ireland, which joined the top 10
list of targeted countries in 2020, grew significantly, by 94% and 73% respectively.
Although representing only 2% of total phishing attacks, growth of attacks targeting
Taiwan exploded this quarter, from 1 in Q1 2020 to 261 this quarter.

Outseer Fraud & Payments Report: Q2 2021 6


Fraud Attack Trends: Overview
Top Phishing Hosting Countries

Hosting Countries

1 United States 6 France

2 Germany 7 Malaysia

3 India 8 Spain

4 United Kingdom 9 Canada

5 Russia 10 China

Phishing Hosts
The United States has remained the top hosting country for phishing attacks since 2017, accounting for 74% of ISPs hosting these types
of attacks. This is largely attributable to a handful of large-scale hosting authorities, whose sheer scale can make it easier for fraudulent
activity to go undetected. Germany, consistently in the top three, is in second place this quarter with 5%. For most of the other countries
in the top ten, the percentage hosting phishing attacks is in the low single digits.

Outseer Fraud & Payments Report: Q2 2021 7


Fraud Attack Trends: Overview
Fraud Attack Trends: Overview
50 Top Phishing
Phishing ISPs
ISPs 30
Top Other
Other 26.75% 30
Other
26.75%

41.64%
50 25 25
androidappsapk.co
40 Top Phishing ISPs by Host
Other
Rebrandly Rogue Mobile App Distribution by Store
androidappsapk.co
41.64%
20 apkgk.com
40 Rebrandly 17.47%
18%

Contabo
Contabo 20 15 apkpure.com
apkgk.com
30 18%

30 HostGator/Websitewelcome
17.47%
10
10.01%
apk.plus

20
6.93%

15
HostGator/Websitewelcome apkpure.com
downloadapk.net
17.10%
Go Daddy 5
3.22% 3.22%
2.97% 2.91% 2.84% 2.84% 2.82%

10 9.63%
DigitalOcean apk-dl.com
20 0
7.34%
6.11%
4.66% 4.42%
17.10%
Go Daddy apk.plus
appsonwindows.com
2.47% 2.33% 1.95% 1.91%
CloudFlare 10.01%
0 10
Amazon apkcombo.com
6.93%

10 9.63%
Microsoft DigitalOcean downloadapk.net
windowsphoneapks.com
7.34%
6.11%
5
Bluehost/Unified Layer 3.22% 3.22% apktume.com
4.66% 4.42% 2.97% 2.91% 2.84% 2.84% 2.82%

2.47% 2.33% 1.95% 1.91%


NameCheap CloudFlare google.com apk-dl.com
0 0
PhishingHosting
Phishing HostingISPs
ISPs Rogue Mobile
Rogue Mobile Apps
Apps
Amazon appsonwindows.co
Phishing continued to be a top attack in Q1. NameCheap,
NameCheap,consistently
consistentlyininthe
thetop
top22of
ofphishing
phishing As has been the case since Outseer first started publishing this report in 2017, the number of rogue
hosting ISPs is now #1, increasing its share to 17.1% from last quarter’s 14.2%. mobile apps has been relatively low in the first and second quarters of the year, only to increase
during the last two quarters of the year. However,
However,aacomparison
comparisonofofQ1
Q12021
2021with
withQ1
Q12020
2020shows
showsaa
Microsoft
Bluehost/Unified Layer, at less than 6% in Q4, rose to the #2 spot, with 9.63%. DigitalOcean,
DigitalOcean, which
which apkcombo.com
14% increase, suggesting there may be an overall increase in rogue mobile apps throughout 2021.
had been the top hosting ISP since Q3 2019, dropped to #6. On the other hand, Microsoft, which
The number of rogue mobile apps within Google Play, which typically hosts the highest number of
only made its debut within the top 10 phishing hosting ISPs in Q4 2020, grew from 2.6% then, to
such apps, increased to 27% of the total. That’s up from just 11% in the previous quarter. APK Tume
7.3% this quarter. Amazon’s
Amazon’sshare
sharealso
alsogrew
grewfrom
from4.4%
4.4%totoover
over6%,
6%,as
asdid
didCloudFlare’s,
CloudFlare’s,which
whichgrew
grew
from 2.3% to 4.7%. Bluehost/Unified Layer and Windows Phone APK took second and third spot, at 17.5% and 10%, respectively. windowsphoneapk
Comboand
Combo and
Download APK, in the number two and three spots last quarter, dropped to number 4 and number 7.

NameCheap apktume.com

Outseer Fraud & Payments Report: Q2 2021 8


Outseer Fraud & Payments Report: Q2 2021 8
google.com
Part 2 Consumer Fraud Trends
Outseer researchers analyze consumer fraud data
to inform security and risk management decisions
at major organizations while serving the public
interest by identifying, preventing, or reducing
financial cyber fraud attacks targeting consumers.
Observing consumer fraud trends over time can
help decision-makers determine how best to build
or refine their digital risk management strategy
across customer-facing digital channels and
digital payments
These data points are intended to broadly
frame the current consumer fraud environment
and identify relevant trends by tracking broad
indicators of online fraud across both financial and
e-commerce focus areas.

Outseer Fraud & Payments Report: Q2 2021 9


Consumer Fraud Trends: Q1 2021
Transaction Distribution by Channel Fraud Transaction Distribution by Channel
39% 40% 37% 21% 47%
34% 35% 34% 34% 35% 34% 15% 28% 28% 29% 30% 68% 70% 29% 16% 18% 13% 26% 26% 43% 44%

27% 20%
59% 46% 43%
21% 21% 21% 22% 21% 21% 35% 26%
25% 26% 27% 33% 24% 13% 16%
31% 36% 49% 43%

45% 44% 45% 44% 44% 45% 50% 47% 45% 44% 37%
8% 7%
35% 29% 27% 30%
28% 57% 62% 28% 28% 31% 33% 43% 37%
24% 23%

2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021 2018 2018 2018 2018 2019 2019 2019 2019 2020 2020 2020 2020 2021
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Web Mobile Browser Mobile App Web Mobile Browser Mobile App

Outseer Data Q1 2018-Q1 2021


Outseer Data Q1 2018-Q1 2021

Transaction Method Fraud Transaction Method

Similar to what we observed in Q4 2020, mobile browsers and mobile applications accounted for 77% of While 77% of the transactions originated within the mobile channel, only 63% of all fraudulent
overall transactions observed by Outseer during the first quarter of 2021. transactions originated there during Q1, suggesting there may be higher fraud rates for web
transactions during this period.

63%
OF FRAUDULENT
TRANSACTIONS
ORIGINATED WITHIN
THE MOBILE CHANNEL

*Outseer modified its data collection process in Q4; future reports will closely monitor results to understand the impact
on previous results as well as trends going forward.
Outseer Fraud & Payments Report: Q2 2021 10
Consumer Fraud Trends: Q1 2021
Average Credit Card Transaction and Fraud Transaction Values
(E-Commerce, by Region)

$327

Australia / New Zealand saw the highest average fraud transaction


value ($327), which is almost 2x the value of legitimate transactions
in the region.
$208
$196
$182 The average value of fraudulent payment transactions in the mobile channel
increased significantly from $1,981 in Q4 2020 to $3,368 in Q1 2021.
$164
In the mobile channel, the average value of fraudulent transaction was nearly six
$158 times the average value of genuine.

$155 The average value of fraudulent transaction in the web channel ($7,367) was
$142
almost 2.2 times the average value of fraudulent transaction in the mobile
channel ($3,368).

EUROPEAN AMERICAS UK AUSTRALIA/


UNION NEW ZEALAND

Transaction Value Fraud Transaction Value

Source: Outseer, January – March 2021

Outseer Fraud & Payments Report: Q2 2021 11


Consumer Fraud Trends: Q1 2021
Device Age vs. Account Age

Analysis
E-COMMERCE PAYMENT ONLINE BANKING LOGIN ONLINE BANKING PAYMENT
“Device Age” refers to how long the Outseer Platform has “known” or
“trusted” a given device (laptop, smartphone, etc.). “Account Age” refers
to how long the Outseer platform has “known” or “trusted” a given account
(login, etc.). This data demonstrates the importance of accurate device
70.9%
identification to minimize false positives and customer friction during a login 67.4% 66.1%
or transaction event
52.5%
49.8% 12.0
44.2%
E-Commerce

During Q1 2021, 70.9% of fraud transaction value originated from a new


device and a trusted account, a 5% increase from Q4 2020. This reflects a
small but upward increase from the preceding consecutive two quarters. And
20.3%
it is consistent with current trends in account takeover activity.
3.8 16.9%
12.7% 12.2% 4.1
19.5
10.9% 9.3%
Online Banking: Login
4.8
4.2%
While login volumes from new devices and new accounts were the same in 2.5
1.9% .3%
0.4%
1.7%
32.0
.1% 1.4%
0.4%
Q1 2021 as they were in Q4 2020, overall fraud almost tripled in this category
New Account/ Trusted Account/ Trusted Account/ New Account/ Trusted Account/ Trusted Account/ New Account/ Trusted Account/ Trusted Account/
from Q4 2020. While over 12% of logins were accessed from a combination New Device Trusted Device New Device New Device Trusted Device New Device New Device Trusted Device New Device
of a new device but trusted account in Q1, they resulted in 66% of all fraud
transaction values.
% of transaction volume % of fraud value

NEW ACCOUNT: Account Age < 1D NEW DEVICE: Account-Device Age < 1D
Online Banking: Payment
TRUSTED ACCOUNT: Account Age >= 90D TRUSTED DEVICE: Account-Device Age >= 90D
Total payment transactions from trusted devices with trusted accounts
decreased from 56.7% in Q4 2020 to 52.5% this quarter. Payment transaction Source: Outseer, January – March 2021
volume from new devices using trusted accounts grew over 30% in Q1 from
Q4 but value of these malicious transactions shrank 43% in Q1.

Outseer Fraud & Payments Report: Q2 2021 12


Consumer Fraud Trends: Q4 2020
Compromised
5,000,000 Cards Discovered/Recovered by Outseer

4,000,000
Analysis
During the first quarter of 2021, Outseer recovered
over 5.5 million unique compromised cards and
3,000,000 card previews from online card stores and fraud
communication channels. Outseer FraudAction™
2,648,241 service discovers CVV2-related data, which is card
data compromised through cyberattacks targeting
2,000,000 online transactions or e-commerce. This type of
data can be exploited in a variety of fraudulent
1,727,622 activities, including “carding,” which refers to using
compromised cards to buy goods both in physical
stores and on e-commerce websites.
1,000,000 1,157,573

0
JANUARY 2021 FEBRUARY 2021 MARCH 2021

Source: Outseer, January – March 2021

Outseer Fraud & Payments Report: Q2 2021 13


CNP Trends
The acceleration of the digital transformation as a
result of the global pandemic led to surge in online
transactions and digital payments but at the same
time introduced fraud risks that should be managed
and mitigated to allow secure and frictionless
cardholder experience. This section includes trends
in 3DS Card Not Present (CNP) transactions as
observed by the Outseer team.
Adoption of EMV 3DS2 by merchants and card issuers
can help increase transaction approval rates while
keeping fraud loss and chargebacks low.

Outseer Fraud & Payments Report: Q2 2021 14


3DS CNP Trends
EMV 3DS2 Mobile App Transaction Trend
After a rapid increase in the volume of 3DS transactions originating from mobile applications in Q4
2020 and early 2021, we noticed a slight decrease over the course of February and March.

The Outseer team believes this decrease is temporary and we anticipate a consistent increase in 3DS
mobile app transactions later this year as more merchants and card issuers migrate from legacy 3DS
v1 to the latest EMV 3DS2, which supports mobile applications.

Transaction Volume per Device – EMV 3DS2

Browsers App

94% 94%
100%
86%
82%
80%

75%

50%

20% 18% 14%


25%
6% 7%

0%
March 2020 September 2020 January 2021 February 2021 March 2021

Source: Outseer, January – March 2021

Outseer Fraud & Payments Report: Q2 2021 15


3DS CNP Trends
Global EMV 3DS2 Transaction Volumes
Trends
Outseer continues to observe a clear, steady increase in EMV Percent (%) of EMV 3DS2 by geo per quarter (out of all 3DS transactions)
3DS2 transaction volumes (out of all 3DS volumes). Across all 35%
geographies, we see quarter on quarter increases in EMV 3DS2
usage, however the most significant increase seen in this quarter
is the EU, where volumes of EMV 3DS2 grew from 16% to 35%. 29%
This trend is likely to continue to grow as the result of the EU PSD2

% of EMV 3DS2 transaction out of all 3DS transactions


mandate for SCA for e-commerce transactions. 26%
25%

16%
14%

35 %
10%
9%
7%
6%
4%
4%
3%

1% 0%

The most significant increase


this quarter is the EU, where Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1 Q1 Q2 Q3 Q4 Q1

volumes of EMV 3DS2 grew Americas ANZ EUR


from 16% to 35%
Q/Q % of EMV3DS2 in each geo

Source: Outseer January 2020 – March 2021

Outseer Fraud & Payments Report: Q2 2021 16


Feature Article

Introducing: Outseer
On June 9, 2021, RSA officially announced the transition
of its Fraud & Risk Intelligence business to a new
standalone company called, Outseer.
Outseer, an RSA company, is the leader in payment authentication and
Digital transformation accelerates
digital commerce
If you think about the last 18 months without a doubt, digital
transformation is reshaping nearly every facet of our lives—
$4.2 Trillion
in e-commerce sales in 2020
– eMarketer1

account monitoring solutions. Our products and solutions have been including how we live, work, connect, and shop online. The

$33 Billion
built on decades of science-driven innovation and domain expertise, pandemic just accelerated these trends amid a seismic shift to
with our identity-based science delivering the highest fraud detection digital channels.
rates with the lowest customer intervention in the industry. Global ecommerce spending reached $4.2 trillion in 2020, a
Powered by the Outseer Global Data Network, the industry’s first growth rate of 28% year over year. Moving forward, opportunities
global consortium of fraud and transaction data, and a powerful for sustainable growth abound. But so do dangers. To succeed, total estimated gross fraud
machine learning engine, our products recognize authentic organizations will need to deliver a superior transaction experience loss by 2023
customers and fraudsters with precision detection. By seeing what with trusted security. – Nilson2
others can’t, we’re able to stop fraudulent transactions before they

50
occur. As we see the critical importance of managing fraud as a

%
shared responsibility, Outseer has developed this publication, the
Outseer Fraud & Payments Report, in order to contribute insights
based on our analyses of fraud attacks and consumer fraud data
collected by the Outseer technology and data science teams.
fraud lossess are in CNP
– Nilson2

Outseer Fraud & Payments Report: Q2 2021 17


Enabling Digital Transformation Growth
With record e-commerce sales in 2020, adoption of digital channels has accelerated
as much as five years compared to pre-pandemic estimates.3 And as the world begins
to reopen, e-commerce is expected to grow further – estimates predict another 50%
increase between now and 2024.4 This growth has also led to the introduction and
expansion of new digital payment options that extend well beyond traditional card-not-
present (CNP), and include scenarios that connect online to offline such as buy online,
pay in store (BOPIS), curbside pickup, and other new uses, such as Pay @ the Table,
which has been widely embraced during the pandemic, for in-person dining. And these
are just a few of the scenarios.

The opportunities just keep growing. Unfortunately, so do the risks.

Where Money Goes, Fraud is Sure to Follow


Outseer: Grow your business while we
As these options scale and become the “new normal”, organizations must be prepared secure it
for the potential rise in fraud risk that may accompany them.

As noted in the Outseer Fraud & Payments Report, phishing attacks represented 21% Given the growth opportunities, fraud risks, and rising customer expectations facing card issuers,
of all attacks observed by Outseer in Q1 2021. Fraudsters are still leveraging one of banks and others, the ability to prevent both transaction fraud and friction will be more than just a
the oldest tricks in the book to impersonate legitimate sites in order to harvest user necessity for transformation initiatives. It could be a key differentiator.
credentials, card information and personally identifiable information (PII). Once this data
is obtained, fraudsters use it to execute account takeover attacks. Outseer is committed to help organizations leverage this unpreceded opportunity is a secure and
frictionless manner.
The Outseer Fraud & Payment report also highlighted that 71% of e-commerce
fraudulent transactions in Q1 2021 were originated from known account and new device To learn more about how Outseer can help you grow your business, read the official
which is indicative of the high precent of account takeover attacks. launch release
Account takeover (ATO) attacks have led to more than $16 billion in losses in the US
alone in 2019 and the volume of these attacks grew 72% in 2019 comparing to 2018.5

In the face of this set of risks and rewards, how do you balance risk and user experience
to get to the best business outcome? Outseer can help you do just that!

Outseer Fraud & Payments Report: Q2 2021 18


About Outseer
Outseer empowers the digital economy to grow by authenticating billions
of transactions annually. Our payment and account monitoring solutions
increase revenue and reduce customer friction for card issuing banks,
payment processors, and merchants worldwide. Leveraging 20 billion annual
transactions from 6,000 global institutions contributing to the Outseer Global
Data Network, our identity-based science delivers the highest fraud detection
rates and lowest customer intervention in the industry.
outseer.com

1. eMarketer, “Worldwide ecommerce will approach $5 trillion this year,” eMarketer, Jan 14, 2021, https://www.emarketer.com/
content/worldwide-ecommerce-will-approach-5-trillion-this-year
2. The Nilson Report, January 2020 (Issue 1167) and December 2020 (Issue 1187).
3. “U.S. Retail Index Study.” IBM, Aug 2020 ©2021 RSA Security LLC or its affiliates. All rights reserved. RSA and the RSA logo are registered
4. eMarketer, “Worldwide ecommerce will approach $5 trillion this year,” eMarketer, Jan 14, 2021, https://www.emarketer.com/ trademarks or trademarks of RSA Security LLC or its affiliates in the United States and other
content/worldwide-ecommerce-will-approach-5-trillion-this-year countries. All other trademarks are the property of their respective owners. RSA believes the
5. Javelin Research: 2020 Identity fraud study: https://www.javelinstrategy.com/coverage-area/2020-identity-fraud- information in this document is accurate. The information is subject to change without notice.
study-genesis-identity-fraud-crisis Published in the USA. 6/21

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