Subscribe
News
|
Interviews
|
Voice of the Industry
|
Watch & Learn
|
Reports
Cross Border Ecommerce Research
Company Database
|
Events
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Facts & Figures
|
Payment Methods
|
Fraud Prevention
|
Service Providers
Select a country in
- choose a country -
Online Fraud Prevention in
Indonesia
Ecommerce fraud and online fraud prevention in Indonesia
Read below about payment fraud, online fraud and fraud prevention Indonesia
Download report on Cross-border Ecommerce - indonesia
Download report on indonesia
A huge market with rapid ecommerce growth, India nevertheless poses challenges for businesses looking to expand. There is evidence of consumer concerns about card fraud and the central bank is active in promoting measures designed to protect consumers from payment fraud. Merchants will need to demonstrate their active commitment to consumer protection while seeking to ensure that they enable sales to genuine customers.
According to Reserve Bank of India (RBI), with 350 million cards in use in 2012, payment fraud remained low, at USD 9.1 million. The most common types of reported fraud in India were skimming and online fraud.
More recent evidence suggests that India is a target for cybercrime. In 2013, an international report identified India as a top three target for cyber-attacks, accounting for 6.5% of targeted attacks during 2012.
The central bank has been active in efforts to prevent payment fraud, including the adoption of PCI DSS by June 2013 and a move towards a real-time fraud monitoring system. Most large banks reported their readiness for migration to the use of PIN for debit card transactions at the point of sale by June 2013.
To date, India does not appear to have suffered a great deal from CNP fraud. In October 2013, Sift Science placed India 22nd in a list of the 25 countries most subject to ecommerce fraud. One of the reasons for this may be India’s two-factor authentication mandates, requiring additional validation for online CNP transactions.
Online merchants looking to expand in this very large market need to focus on service excellence and knowledge of their customers. They need to be prepared for an increase in fraud over online and mobile channels and provide additional protection for channels where 3D Secure is not available. Indeed, where possible, the combination of
3D Secure authentication
with other
fraud prevention
techniques, which can identify and enable genuine transactions that have failed 3D Secure authentication, can offer a powerful and effective weapon against fraudsters.
Download report on Cross-border Ecommerce - indonesia
Download report on indonesia
Top Stories
/
Most Read
Nauru establishes a crypto asset regulator
Published 15:45 | Nauru |
News
Orchestr launches to augment global payments for merchants
Published 15:17 | Bulgaria |
News
UOB joins China's cross-border clearing and settlement system
Published 14:46 | Singapore |
News
Float partners with Adumo for improved in-store payments
Published 14:46 | World |
News
Bitget secures crypto licence in Georgia
Published 14:17 | Georgia |
News
:::
more news
Interviews
10:13
Another Lithuanian unicorn on the horizon? The story of myTU
20 Jun
[Video interview] Agentic commerce: liability, use cases, and the future of payment costs
19 Jun
Money20/20: Dynamic Routing, the technology behind Neema's flawless transaction flows
18 Jun
Fighting financial fraud in the AI era: an interview with Anis Ahmed of The Fraud Fellas
16 Jun
[Money20/20 Europe 2025] Silverflow and Bolt direct card network connectivity
:::
more interviews
Voice of the Industry
09:20
The rise of cryptocurrency in global ecommerce
20 Jun
Embedded B2B payments – unlocking the USD 16 trillion opportunity with a 5-step action plan
20 Jun
Money does not stop at the border (Part 2)
19 Jun
Next-gen authorisation governance: how IAM and GRC converge for better security and compliance
18 Jun
Personas: financial leaders can't ignore this missing link in identity systems
:::
more voices
Free Headlines
:::
subscribe now
RSS
:::
follow ThePaypers via RSS
:::
connect
LinkedIn
:::
connect with ThePaypers on LinkedIn
:::
connect
Twitter
:::
follow ThePaypers on Twitter
:::
follow
Facebook
:::
like ThePaypers on Facebook
:::
like