Poorly informed

There is no such thing as a "cybercriminal" - just plain old regular criminals. People who steal cars aren't "autocriminals", and drug dealers aren't "pharmacriminals". Actually, the whole "cyberspace" usage is rubbish. It stems from William Gibson's novels, written in the 1980s, which have nothing to do with the Internet. If people mean to talk about the Internet, or the Web, they should do so.

Nevertheless, the report comes to a sensible conclusion: that banks and other organizations (including government, IMO) should bear most of the responsibility for preventing criminals from carrying out fraudulent transactions. Just as they already do in all other circumstances.