The landscape of fraud in Asia Pacific is changing quickly with the introduction of new payment systems. Instant payment methods, such as PayNow and UPI, are now widely used, presenting fresh challenges for financial institutions. Additionally, the rise of stablecoins for cross-border transactions has opened up further vulnerabilities that fraudsters exploit. The use of AI-driven scams, including deepfakes and sophisticated social engineering tactics, is becoming increasingly prevalent, creating a complex environment for fraud prevention.
In response to this evolving threat, financial institutions must adapt their strategies and solutions to protect customers from these advanced scams. The Forrester Wave report highlights the critical need for effective enterprise fraud management solutions tailored to the unique challenges faced in the Asia Pacific market. By focusing on these emerging threats and integrating innovative technologies, institutions can better safeguard their operations and improve customer trust in this dynamic landscape.
👉 Pročitaj original: Forrester
