Findings from the LexisNexis® Risk Solutions Cybercrime Report revealed that digital fraud attack rates continued climbing in 2023, increasing 19% year-over-year.

The LexisNexis® Risk Solutions Cybercrime Report analyzes cybercrime attacks detected in the LexisNexis Digital Identity Network platform from January to December 2023. This analysis occurs through near real-time monitoring of consumer interactions across the online journey, including activities such as new account creations, logins, payments, password resets, and monetary transfers. The report focuses on the trends seen in 92 billion transactions risk assessed for clients, with additional highlights from the APAC region.

Watch our live webinar as Thanh Tai Vo, Director Market Planning, Fraud & Identity, Asia Pacific, LexisNexis® Risk Solutions delves into the findings of the report, with specific callouts to countries in the APAC region.

Here are just some of the topics which will be covered:

• Fraud types and attack patterns
• Growth in Account Takeover fraud
• Rising fraud attack rates and which regions & sectors are experiencing the highest increases
• Human Initiated attacks vs Bot Attacks (bot attacks becoming more sophisticated)
• Attacks originating from scam centers and mule networks

You can expect to hear which industries and countries in APAC are seeing significant variations in fraud types, how organizations are dealing with more complex attacks, and how and why increased global collaboration and data-sharing initiatives across multiple sectors are crucial in combatting fraud.