Tag "fraud"
Top 5 Trends Shaping E-Commerce in 2023
MRC, Cybersource and Verifi have released a new report that shares findings of a survey of global e-commerce merchants which. This study highlights the top trends in e-commerce in 2023. The study, which polled 1,000+ merchants involved in e-commerce in
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2022’s Devastating Crypto Breaches: Multi-Million Dollar Hacks Shake the Industry
Several high-profile cryptocurrency hacks occurred in 2022, causing significant financial losses for businesses and individuals who held digital assets. According to a recent analysis, the estimated loss from these attacks was a staggering US$3.8 billion, making it the biggest year
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Making Sense of Fintech Fraud in APAC
As technological advances significantly change people’s daily lives, the benefits from these advances essentially boil down to one aspect, convenience. Technology has allowed business and social activities to expand and remain primarily online. This includes transactional decisions from purchasing tangible
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Tokenization Becomes the Norm in Online Payments
Southeast Asia’s digital economy is booming, driven by an extraordinary shift in consumer behavior, soaring digital consumption and the rise of digital merchants. But this explosive growth is also attracting criminals and putting merchants, banks and consumers at risk of
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4 Anti-Fraud Tech Trends in the Insurance Industry
Since the start of the COVID-19 pandemic, fraud and suspicious activity have been on the rise. In the insurance industry, fraud attempts have become increasingly sophisticated, forcing insurance companies to embrace technology and set out anti-fraud technology to identify suspicious
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Rise of Financial Crime 4.0 Calls for Use of Advanced Technologies
The continued proliferation of digital technologies and the ongoing shift to online channels have heralded a new age of financial crime, one marked by undefined geographies and increased sophistication of attacks. In light of this new reality, professionals in the
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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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