Fraud costs increase more than 10% over pre-pandemic levels

An article from Security Brief.

The cost of fraud rose 10%-16% across Asia Pacific from 2019 pre-pandemic levels, according to a new report.

LexisNexis Risk Solutions released the latest Asia-Pacific edition of the LexisNexis True Cost of Fraud Study, which surveyed 387 risk and fraud executives in Malaysia, Philippines, Singapore and Thailand. The study analysed fraud trends in retail, ecommerce, financial services and lending industries and spotlights key pain points related to new digital payment methods and transaction channels.

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