Cybercrime rises

Monday - 3/10/2014, 5:55pm EDT

PwC has released a new survey that indicates, cybercrime is the second most common type of fraud reported by financial firms, more than double the level across other industries. According to the report, 39 percent of financial services companies that suffered from economic crime last year said they had been hit by cybercrime, compared to 17 percent in other industries.