Confidence Amid Chaos: Managing Fraud and Scams with Real-Time Data and Advanced Analytics in APAC
Cybercriminals heightened digital fraud attacks in 2023 as organisations and regulators enhanced efforts to combat financial crime. Out of 8.5 billion transactions analyzed across APAC, 398 million were identified as automated bot attacks, with financial institutions bearing the brunt of these threats.
The LexisNexis® Risk Solutions Cybercrime Report identified concerning trends in APAC attack rates and fraud types in 2023. Third-party attacks became the most popular methods of siphoning funds from victims’ accounts. Cybercriminals in Malaysia and Cambodia increasingly targeted Asia-Pacific organisations.
Download our APAC infographic to identify key data-based trends, including:
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The channels most exploited for digital fraud transactions
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The top three fraud types in APAC compared to last year
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The changing landscape for human-initiated and bot-automated attacks
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Sector-by-sector analytics on digital fraud developments