Financial Crime World

Here is the article rewritten in Markdown format with proper headings, subheadings, and bullet points:

Global Financial Cyber Crime Losses Reach Alarming Heights in 2017

A recent report by [statistical agency] has revealed that global financial cyber crime losses reached a staggering $[amount] in 2017, with countries around the world struggling to contain the menace.

Top Five Victim Countries

According to the report, the top five victim countries were:

  • United States: Suffered losses of $[amount], accounting for [percentage]% of total global losses.
  • China: Incurred losses of $[amount], making up [percentage]% of global losses.
  • Japan: Lost $[amount] to cyber crime, representing [percentage]% of global losses.
  • Germany: Suffered losses of $[amount], accounting for [percentage]% of global losses.
  • United Kingdom: Incurred losses of $[amount], making up [percentage]% of global losses.

Most Common Types of Financial Cyber Crimes

The report also found that the most common types of financial cyber crimes were:

  • Telemarketing fraud and internet deception: Accounts for [percentage]% of total global losses.
  • Corruption: Makes up [percentage]% of global losses.
  • Money laundering and terrorism financing: Contributes [percentage]% to global losses.

Prevention Strategies

In terms of prevention, the report highlighted the importance of using selected technologies in financial crime prevention worldwide. According to a separate survey, 71% of respondents believed that advanced analytics was crucial in preventing financial fraud.

The fraud detection and prevention market size is expected to reach $[amount] by 2023, driven by growing concerns over cyber security and the increasing complexity of financial crimes.

China’s Financial Fraud Landscape

In China, the number of accepted financial fraud cases by the court increased from [number] in 2016 to [number] in 2018. The majority of these cases were related to credit card fraud, with a ratio of [percentage]% of total fraud cases.

Telemarketing and online fraud also remained a significant concern in China, with main online scam scenarios including:

  • [scenarios]
  • [channels]

Global Efforts to Combat Financial Cyber Crime

In response to the growing threat of financial cyber crime, governments and financial institutions around the world are working together to develop more effective strategies for prevention and detection.

The report concludes that while significant progress has been made in combating financial cyber crime, there is still much work to be done to ensure the safety and security of global financial systems.