Card fraud in Asia-Pacific 'costs banks $400m a year'
Card fraud in Asia costs banks $400m (£241m) a year and is rising by 20%-25% a year, according to the software analytics firm Fico.
It's a growing challenge for the industry as consumers in the region increasingly conduct transactions or shop online.
The BBC's Ashleigh Nghiem spoke to Fico's managing-director in Asia, Dattu Kompella, to discuss the associated security risks.
02 Sep 2014
- From the section Business