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APAC Sees 23% Decline in Crypto Fraud

Fintech News

Cryptocurrency fraud is declining in Asia-Pacific (APAC), driven by advanced technology adoption and stricter regulatory oversight. According to a new report by Sumsub, crypto fraud rates declined by a remarkable 23% between 2023 and 2024, positioning APAC as a leader in combating crypto fraud.

APACS 94
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Identity Fraud Attacks on Social Media Rose by 27% in 2024 Alone, Reveals AU10TIX

The Fintech Times

.” In one instance, AU10TIX detected a single mega attack spanning four geographies (APAC, EMEA, LATAM, NA) and three industries (payments, crypto, social media). Fraud trends in 2024 AU10TIX revealed that APAC led the pack as the epicentre of 2024s mega attacks, taking 88 per cent of the overall share.

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The Fintech Times – Edition 59

The Fintech Times

Plus, we dive into cybersecurity challenges, proactive AI governance, and the evolving risks of AI-driven scams. Across different regions – from Europe and the US to APAC and LATAM – banks are tweaking their AI strategies to their unique market conditions. Happy reading! These are the challenges that cant be ignored.

FinTech 59
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10 Upcoming Fintech Webinars to Attend

Fintech News

Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO. Cyber Crimes, Cybersecurity, and Fintech Panel Event May 23, 2024, 12:00 CEST On May 23, 2024, at 12:00 CEST, a panel event titled “Cyber Crimes, Cybersecurity, and Fintech” will be hosted by Peirce College.

FinTech 136
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Navigating the Evolving Landscape of Crypto Crime

Fintech News

The introduction of more sophisticated fraud detection technologies and a growing awareness among investors about the risks of scamming tactics contributed to this downward trend. The resurgence of ransomware highlights the cunning adaptability of cybercriminals, who have refined their tactics to bypass improved cybersecurity defenses.

Crime 111
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Meet the 40 Fastest Growing Fintechs in Asia Pacific According to the Financial Times

Fintech News

In the sixth annual compendium of 500 burgeoning companies across the Asia Pacific (APAC) by the Financial Times and Statista , technology enterprises constitute nearly a third of the 2024 roster, with 8% of the APAC’s fastest-growing entities being fintech companies.

FinTech 105
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Automated Bot Attacks Surge on Social Media in 2024, AU10TIX Reveals

The Fintech Times

This rise highlights growing concerns about the ability of social media platforms to detect and combat organised fraud, particularly as bots become more sophisticated. AI-powered fraud-as-a-service (FaaS) platforms have enabled these mass-scale attacks, contributing to APAC now holding the highest global fraud rate, with 3.27

Bots 59