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571 9 out of 10 Singaporean merchants are victims of payment fraud

Tech Wire Asia
Dashveenjit Kaur @ Tech Wire Asia · 06/30/2021 20:50 EDT

9 out of 10 Singaporean merchants are victims of payment fraud

FIS and Forrester dived into the challenges Singaporean firms face due to rising fraud levels. 9 in 10 Singaporean merchants lost revenue due to payment fraud which caused far-reaching consequences. Synthetic identity fraud and account takeover fraud were ranked top in causing operational and revenue losses.  Singapore merchants are looking to invest in machine learning... Read more »

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