Tag "fraud prevention"
Digital Identity is Key to Understanding (and Overcoming) Fraud Attacks
In 2022, digital fraud experienced a significant increase compared to 2021, with the global attack rate escalating by 20% year-on-year. This escalation continues to reflect the early indications observed in 2021 as more and more economies resumed normal operations following
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Card-Not-Present Fraud Escalates Amid Sudden Surge in Online Shopping
The sudden surge in e-commerce activities has brought with it a rapid rise of card-not-present (CNP) fraud, costing e-commerce merchants an estimated US$35.54 billion globally in 2020, a new report by Forrester says. According to the “How to balance risk
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5 eCommerce Fraud Prevention Trends to Monitor in 2021
Fraud prevention requires constant vigilance in order to stay ahead of emerging fraud trends. Here are 5 ways you can protect your business from fraud attacks in 2021. Online and card-not-present (CNP) transactions have increased during the COVID-19 pandemic. Experts
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How Artificial Intelligence Can Improve Your Ability To Detect Fraud
Online merchants can no longer rely on simple rule-based engines to stop fraud. Utilizing artificial intelligence is essential in protecting your business from modern fraud attempts. The tactics used to commit card-not-present (CNP) fraud have changed dramatically in the last
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Why a Shift to This New Security Standard is Crucial for Asia’s E-Commerce
With online commerce booming, Asian banks and payment services providers have shown a clear interest in adopting 3-D Secure 2.0 or 3DS2. This is an improved version of the 3DS authentication protocol for card payments that comes with increased security
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Fraud Attacks Increase Amid Rising Digital Banking Adoption
The COVID-19 pandemic and the measures put in place to limit the spread of the virus have drastically accelerated adoption of digital banking and contactless payments. Across Southeast Asia, banks have ramped up their digital efforts to respond to the
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Florin Awards Asia 2016 Announces Winners of Startup Competition
The Florin Awards, a startup competition by the Global Payment Summit conference, has announced the four winning startups for the year 2016. This time, there were two Florins to be won in “jury votes” and “community votes” in two categories:
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