Cyber Fraud Extends Across the Globe, FATF Says

International cybercrime prevention group seeks ways to prevent fraud

© Cyber Express Graphic

Cybercrime has metastasized across the globe, becoming one of the most widespread and damaging forms of crime, generating large volumes of illicit proceeds through the exploitation of victims, according to a new study by the Paris-based Financial Action Task Force.

Cyber fraud now accounts for 40 percent of all crimes in the Unite…