Nearly half of all online transactions identified as “risky” originate on a mobile device, according to antifraud technology provider iovation. As consumers increasingly use mobile devices to transact through apps and mobile websites, the share of fraudulent digital transactions coming from phones and tablets is increasing quickly too, up from 30 percent in 2018 and 25 percent in 2016.
It becomes increasingly important, then, that merchants are able to identify what transactions are originating on mobile devices and be on the lookout for indicators that those transactions are risky. Mobile emulators, how a device is being held, what country a SIM card is from, what language and currency is tied to a device, can all indicate risky mobile transactions.
“Fraudsters are like chameleons. They are always adapting their tactics to make it look like they’re legitimate customers,” said Melissa Gaddis, senior director of Customer Success for iovation. “With well over half of all transactions now coming from mobile devices, our analysts increasingly see fraudsters either using mobile devices or making it look like their transactions are coming from mobile when in fact they are using a traditional desktop.”