2019 Asia-Pacific Identity and Fraud Report

2019 Asia-Pacific Identity and Fraud Report

The continuing rapid pace of digital adoption and with it, a fast-growing digital ecosystem are changing the relationship between businesses and consumers in Asia Pacific. While businesses are striving to drive and unlock the benefits from increasingly digital lifestyles, they face a multitude of challenges. Customers enjoy being recognised and expect to be met with a personalised experience at every interaction. At the same time, the growing sophistication of cyber-attacks including online fraud requires a corresponding response to guarantee the safety of personal data and safeguard businesses’ reputation.

 

What are the key factors that matter most to consumers for gaining trust and confidence in an increasingly digital world? What does it take to build trust online? Are businesses doing enough with the information they already have access to, to better recognize and deliver experiences that their customers expect?

 

These are just some of the questions we asked in the 2019 Asia-Pacific Global Identity and Fraud Report. We conducted research among more than 10,000 consumers and 1,000 businesses across 21 countries, globally. With Asia Pacific representing such a diverse set of markets, we have dedicated a report entirely to the region.

 

Download the complete 2019 Asia-Pacific Identity and Fraud Report to learn why:

 

  

71% of consumers

say security is their number one priority during their online experience

  

67% of businesses

report an increased concern for fraud losses since last year

 

  

73% of consumers

are willing to go through a more thorough process when opening an account if this enables a more convenient experience later

  

81% of consumers

feel strongly that it is important for businesses to be fully transparent about how their information is used

 

This report is one in a series of reports that we are publishing in 2019. Watch this space for our Asia Pacific Consumer Trust Index Report to get more insights on the diverse Asia Pacific region.

Read full article

Experian

By Experian 04/23/2019

Experian

By Experian 04/23/2019

Read now

Related Articles

Doing Business Overseas? Here’s How You Can Reduce Your Credit Risk
Doing Business Overseas? Here’s How You Can Reduce Your Credit Risk

Businesses are competing in an increasingly globalised environment today more than ever before.

Learn more
Singapore SMEs’ Road to Recovery: Adopting Alternative SME Credit Scores to Improve Speed and Accuracy of Credit Underwriting for the Underbanked
Singapore SMEs’ Road to Recovery: Adopting Alternative SME Credit Scores to Improve Speed and Accuracy of Credit Underwriting for the Underbanked

Experian’s SME Network Score is one credit risk scorecard developed to address the issue of the lack of rating models for thin-file micro-SMEs.

Learn more
Is It Time to Rethink Your Credit Risk Strategies Amid Supply Chain Disruptions?
Is It Time to Rethink Your Credit Risk Strategies Amid Supply Chain Disruptions?

Global supply chain disruptions have exposed critical vulnerabilities in how you interact with suppliers and customers across the globe.

Learn more
Please fill up the form below to download
  • Download Now

By providing your personal information you agree that we may collect and process it in accordance with our Privacy Statement.