LexisNexis news stories
Cost of fraud up 10 to 16% in APAC from pre-pandemic levels
LexisNexis Risk Solutions released the latest APAC edition of the True Cost of Fraud Study, which surveyed 387 risk and fraud executives.
Fraud costs increase more than 10% over pre-pandemic levels
"We are seeing a high volume of fraud attempts following a continued shift towards digital channels spurred by the pandemic."
LexisNexis Risk Solutions acquires behavioural biometric firm BehavioSec
"BehavioSec represents a great addition to an already strong digital identity detection and authentication capability set for LexisNexis Risk Solutions."
Mobile fraud on the rise as online transactions increase
"In a global digital economy, borders are no longer boundaries for cyber criminals. It is more apparent than ever that fraud goes beyond single industries."
Significant shift to mobile fraud - LexisNexis Risk Solutions report
There has been a significant shift to mobile fraud over the last four years, with mobile traffic representing 75% of all traffic.
Networked bot attacks increase as human-initiated attack levels fall
A new report reveals that bot attack volumes grew 41% year over year, with human-initiated attacks falling 29% in the first half of 2021.
Cost of fraud in Asia Pacific reaches almost $4 per transaction
A new study by LexisNexis Risk Solutions suggests that the cost of fraud in Asia Pacific tops almost US$4 for every transaction made.
Global spending on financial crime compliance accelerates
Global spending on financial crime compliance at financial institutions is forecast to reach US$213.9 billion in 2021.
Cloud Banking Solutions
APAC financial firms bite down as crime compliance costs rise
The total projected cost of financial crime compliance within Asia Pacific firms reached US$12.06 billion, according to a new report.
Global attack volume down, but fraud and cyber threats still going strong
“The move to digital, for both businesses and consumers, has been significant. Yet with this change comes opportunity for exploitation. Fraudsters look for easy targets: whether government support packages, new lines of credit or media companies with fewer barriers to entry."
Cost of fraud averaging 3.4 times lost transaction value - study
The LexisNexis study found that there was an average of almost 400 successful monthly fraudulent transactions in the South East Asia region.
Mergers and Acquisitions
Done deal: LexisNexis and ThreatMetrix fight fraud as one
"The marketplace recognises us for developing and leveraging technology and advanced analytics to innovate fraud solutions that protect society."
ThreatMetrix to merge with LexisNexis Risk Solutions after $1 billion buyout
Global analytics provider RELX Group has paid £580 million (AU$1.01 billion) to buy out the entire issue share capital of ThreatMetrix.
Rise of 'tech-collaborative lawyers' redefining AU legal sector
Will robots be able to replace the role of the lawyer as the trusted advisor?