Online Fraud Rises 35% in Past Year, Company Reports

Cyber criminals are using more complex methods to commit fraud by targeting online financial services and e-commerce websites, according to new research. ThreatMetrix, a California-based company that analyzes and blocks cybercrime attacks in real-time, said it detected 122 million fraud attempts worldwide in the final three months of 2016, representing a 35 percent spike over the previous year.