Combatting Financial Fraud 2022
August 2022
The increased adoption and innovation of digital technologies have enhanced the ease and speed of transactions, but they have also introduced heightened risks for digital fraud and cyberattacks. Interconnected devices and ecosystems amplify vulnerabilities as perpetrators exploit new technologies to breach cyber defense systems. The surge in online and contactless transactions since the COVID-19 pandemic has been accompanied by escalating fraud incidents across the industry.
TABInsights conducted a survey to better understand the emerging fraud trends in the digital world, specifically within financial institutions (FIs). This study aimed to gauge the digitalisation priorities of FIs, assess their primary security challenges, and evaluate existing gaps in fraud control and mitigation. The online survey was administered in June 2022 to 250 respondents from FIs in seven key Asian markets, including China, Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam.
Publication date:
August 2022
Delivery:
The file is directly delivered into your account provided soon after online payment is received. The file contains a pdf A4 file (32 pages).
The report includes:
1.Accelerated digitalisation and emerging challenges
2.Complexities in regulatory compliance and fraud management
3.Fraud prevention initiatives and preference of FI
4.Fraud technology initiatives planned by FI in 2022
5.Institutions need to address risk management holistically
- 1.Accelerated digitalisation and emerging challenges
- 2.Complexities in regulatory compliance and fraud management
- 3.Fraud prevention initiatives and preference of FI
- 4.Fraud technology initiatives planned by FI in 2022
- 5.Institutions need to address risk management holistically
- Financial Institutions that want to update their insights into fraud trends, digitalization priorities, and security challenges.
- Cybersecurity firms that want to understand the security challenges and gaps in fraud control among financial institutions.
- IT Consultants and Service Providers that aim to use these insights to better advise their clients, particularly those from the financial sector, on improving their digital security measures.
- Investors that look to invest in FIs, cybersecurity companies, or technology startups can use the report to understand the landscape, trends, and risks associated with the sector.
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or, buy this standalone report at a price of $150
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