- PayPal engages with policymakers and law enforcement around the globe to fight cybercrime.
- Phishing and identity fraud threaten the development of the online economy, and PayPal is committed to keeping e-commerce safe for consumers.
Price Waterhouse Cooper reports that detected incidents of cybercrime increased by 38% from 2014 to 2015.
Policymakers should establish coordinated frameworks of international information sharing, combat cybercrime by securing systems, educate companies on new technology and techniques and strength behavioral analysis to stop bad actors. Policymakers should also encourage innovation in new forms of authentication, replacing passwords in favor of more reliable biometrics and data analytics.