Dig in, reinforce your digital battlements, and mount a state-of-the-art defense against the ceaseless onslaught of fraudsters, financial criminals, and scam artists with BioCatch’s 2024 Digital Banking Fraud Trends in APAC report.
Our latest research highlights the most prevalent types of fraud and financial crime plaguing the region’s financial institutions in 2024.
In this report, you’ll discover:
• Money laundering rampant: BioCatch detected and helped banks shut down more than 150,000 money laundering accounts among its APAC customers alone in 2023.
• Australia bucking all trends: In addition to seeing scam losses actually decline (by an astounding 90%), the nation also saw fewer fraud cases involving malware or Remote Administration Tools (RATs) in 2023 than it did in 2022.
• No desktop or laptop needed: BioCatch found as much as 70% of all reported frauds in APAC originated from mobile apps in 2023, an increase of 17% from the year before.
• Scams are everywhere: Across the region, the number of reported voice scams increased by 108% in 2023.
Download now and fortify your defenses against fraudsters with BioCatch’s insights on the ever-evolving world of fraud and financial crime in APAC.