Tag "fraud"

Security a Bigger Concern for Online Shoppers Than User Experience

The COVID-19 pandemic has forced both consumers and merchants to embrace online channels and digital payments at an accelerated pace, a shift that presented new sets of challenges, including rising fraud and security risks. Separate surveys conducted by payment network

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10 Largest Crypto Hacks, Heists and Exploits of the Past 15 Months

Cryptocurrency-related hacks and scams continue to cost businesses and consumers billions in losses each year. Although overall crypto-related fraud activities have declined since at least 2019, data from blockchain analytics and crypto intelligence firm Ciphertrace suggests that criminals are now

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In APAC, Southeast Asia Consumers are Most Receptive to Challenger Banks

Two out of three banking customers in Asia Pacific (APAC) are either relatively open or inclined to consider fintechs and challenger banks which they perceive as being successful in addressing customer pain-points and facilitating customer journeys, a new survey found.

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Banks Need to Step Up as Fraudsters Target Surge in Digital Adoption by First Time Users

The COVID-19 pandemic has forced organisations and individuals to embrace new practices and move to online channels, bringing with it a significant increase in fraudulent activities. Affirming this situation, cybersecurity firm Kaspersky recorded a 20% increase in the share of

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APAC’s Financial Industry Sees Surge in New Account Creation Fraud

In H1 2020, new account creations saw the highest rate of attack across all transaction types within financial services, according to a new study by LexisNexis, a provider of computer-assisted legal and business research as well as risk management services.

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How to Adopt the Enhanced Version of 3-D Secure for Improved User Experience

Changing customer expectations, the ubiquity of mobile phones and an evolving regulatory landscape are rapidly making the 3D Secure (3DS) standard obsolete. To address customers’ demand for a frictionless e-commerce experience, market participants must adopt 3DS 2.0, experts say. What

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The Rise of Virtual Banks in Asia is Posing New Cybersecurity, Fraud Risks: Jumio

Across Asia-Pacific (APAC), regulators are opening up their markets to new entrants that promise to transform the traditional banking model. By leveraging digital platforms and cutting-edge technologies, virtual banks aim to offer more affordable and convenient banking services, and reach

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