The 80 accused used business e-mail compromise fraud, romance scams and schemes targeting the elderly to defraud victims out of millions of dollars.
Emerging markets, such as Africa and the Middle East, will become key targets for banking and payments fraud, says a Juniper report.
E-commerce merchants and financial institutions will be investing heavily in online fraud detection solutions over the next five years.
The organisations aim to mitigate the consequences of online fraud, rather than preventing incidents entirely, says Kaspersky Lab.
Any merchant that opts for Sage Pay to collect money on its behalf is automatically PCI compliant.
The arrests follow a two-year investigation of online fraud that saw FBI agents pose as hackers.
The companies' collective expertise will enable merchants to differentiate fraudsters from legitimate consumers during the online shopping experience.
Never mind being mugged in a mall this festive season; fraudsters are moving online, and the banks can't exactly stop them.
The fraud was discovered during a probe of suspected cocaine trafficking worth $34 million.
RSA's Uri Rivner reveals how easy it is to become an online fraudster.
Durban police arrest four men believed to have committed widespread online fraud.
An "IT expert" is serving three years in jail for attempting to steal R1.3 million from Standard Bank clients.