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Two Thirds of Organizations Still Use Manual Search for Compliance with Trade and Export Controls

Cost of Fraud in Asia-Pacific Markets is High According to LexisNexis Risk Solutions Study

Share this article Share this article Verifying Identity and Determining Transaction Origination are Common Challenges Across Australia, Hong Kong, Japan and India HONG KONG, July 6, 2021 /PRNewswire/  LexisNexis® Risk Solutions today released its 2021 True Cost of Fraud™ APAC Study covering the retail, ecommerce, financial services and lending sectors for Australia, Hong Kong, India and Japan. The study provides a snapshot of fraud trends in the Asia Pacific (APAC) region during the pandemic and spotlights key pain points for firms in relation to navigating new payment mechanisms, transacting through online and mobile channels and expanding internationally. The cost of fraud for retail, ecommerce and financial institutions in the surveyed markets is high.

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