"cyber fraud" is a correct and usable phrase in written English.
You can use it to refer to illegal activities that take place on the internet such as hacking, phishing, and identity theft. For example: "The company reported a significant increase in cyber fraud over the past year."
Q | What should I do to prevent myself becoming a victim of cyber fraud?
All company personnel should be required to take cyber fraud training.
The cost to organisations of cyber fraud and hacking continues to rise, while customers and citizens alike are losing faith in organisations' ability to keep their transactions secure.
The exponential growth of borderless crimes – cyber fraud and internet child abuse – are stretching a system that remains geographically based.
In the year to 30 September 2016 there were 1.9m estimated instances of cyber fraud, or 16% of all crimes.
While criminals can operate from abroad while conducting sophisticated cyber frauds on UK-based customers, their criminal gains may well pass through Britain, a recognised centre of money laundering because of the scale of its financial services industry.
In an age of rampant cyber-fraud, such a "heist" returns the criminal underworld from pixellated colour to Ealing Studios black and white.
There are concerns that social media has amplified the risk of cyber-fraud, particularly in cases when celebrities promote causes to their vast audience of followers.
The fully automated financial catastrophe of 2008 – along with the cyber-fraud pandemic and long-term near-zero savings rates – has given traditionally minded investors firmer motives to place their faith in rocks.
A few banks are even believed to have bid in black-market bazaars to buy the details of cards they suspected they issued themselves, but could not identify for certain because details were concealed until purchase, in order to learn more about where and when data breaches occurred.This subterfuge partly reflects the need to be more proactive in the face of rampant cyber-fraud.
