Online financial services and lending companies are increasingly being targeted by fraudsters and costing consumers millions of pounds around the world last year alone, according to research. Cyber attacks against online lending companies and alternative payment systems increased 122pc last year, according to ThreatMetrix, a security company that monitors more than 20bn online transactions a year. The fraud is estimated to have cost consumers as much as £8bn in 2016, the company said.
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ORIGINAL SOURCE: The Daily Telegraph