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
Gibraltar develops rules for crypto derivatives clearing
Published 13:50 | Gibraltar |
News
Bank of London under investigation by UK regulators
Published 13:23 | United Kingdom |
News
Nuvei joins the EPI to launch Wero for ecommerce
Published 12:43 | Europe |
News
eDreams ODIGEO and AXA team up to improve travel protection
Published 12:42 | World |
News
FalconX and Standard Chartered partner on institutional crypto
Published 12:34 | United Kingdom |
News
:::
more news
SEC official challenges Ripple settlement terms in court filing
Published 12 May | United States |
News
eToro obtains USD 620 million in upsized IPO and debuts on Nasdaq
Published 14 May | United States |
News
Raiffeisen Bank partners with Wise Platform to optimise cross-border payments
Published 13 May | Europe |
News
Chime files for US IPO as market volatility decreases
Published 14 May | United States |
News
CFPB withdraws Toyota and Walmart cases
Published 14 May | United States |
News
:::
more news
Interviews
07:50
Rethinking SME lending across Europe — Interview with Teylor
07:30
Why more businesses are turning to payment orchestration
14 May
Unlocking wealth for the unbanked: Alice Li on PayFi's global impact
13 May
New tech, new rules: navigating the shifting frontiers of digital asset regulation
7 May
Riverty's take on debt purchase and upcoming regulations to boost financial healthcare
:::
more interviews
Voice of the Industry
12:13
Last week in crypto: a closer look at industry progress
08:04
EIC 2025: Identity fabrics and the future of the European Digital Identity Wallet
14 May
Using the card 'beyond' payments to find the holy grail
13 May
The rise of resale fraud: a growing threat to merchants and marketplaces
13 May
Modernising the US dollar for the future of digital networks
:::
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