New account creation and payments represents a very high percentage of transactions for this channel compared to the traditional banking segment. Since these events represent significant financial benefit, this segment is continuing to experience a very high volume of attacks. • The overall attack levels grew compared to the previous quarter driven by an increase in new loan applications ahead of the holiday shopping. And also this bit about mobile-facilitated access to financial services: Identity is a far more lucrative target for fraudsters than individual transaction attacks; this can be seen in the growth of account origination fraud. In this climate, static identity assessment methods cannot effectively authenticate user identity. • Businesses are no longer location-centric; they are operating globally, fuelled by the demand of connected consumers.

http://ftalphaville.ft.com/2016/02/11/2152799/the-securityaccess-paradox-and-digital-lenders/