Global online payment fraud is predicted to cause losses exceeding US$200 billion over the next five years, driven by the increased sophistication of fraud attempts and the rising number of attack vectors.
Australian consumers and their counterparts throughout Asia Pacific are flocking to the Internet to shop online in increasing numbers, despite the risks of suffering attacks by fraudsters.
There has been an unprecedented level of new cyber crime attacks worldwide in 2017 — both in number and intensity — and next year is expected to be even worse, according to global security firm MailGuard.
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