Lax verification leading to rising online fraud cases in Asia
Juniper Research has found that the cumulative merchant losses to online payment fraud globally between 2023 and 2027 will exceed US$343 billion. Online payment fraud includes losses across the sales of digital goods, physical goods, money transfer transactions and banking, as well as purchases like airline ticketing. Fraudster attacks can include phishing, business email compromise […]
CIAM is the simplest solution to reduce friction for user access
Okta reports on the State of CIAM in Asia-Pacific 2022 In today’s digital-first world, the urgency for businesses to deliver customer experiences that balance security and UX is driving the widespread awareness and adoption of Customer Identification Access Management (CIAM) across the Asia-Pacific. CIAM is also proving its value beyond end consumer interactions, helping to […]
CIMB Bank Philippines uses AI to secure mobile banking
Part of the CIMB Group, CIMB Bank Philippines (CIMB Bank PH) markets itself as an all-digital mobile-first consumer bank in the Philippines. With a Commercial Banking License issued by the Bangko Sentral ng Pilipinas (Central Bank of the Philippines), it claims to have 1.8 million sign-in customers during its first year of operation (2019), with […]