6 out of 10 banks in Asia-Pacific blame say social media and apps for rising application fraud

We have seen several banking apps being affected with malware across the world in the past few months. While most of them claim to have successfully dealt with them, the dangers of issue has still now been resolved completely. Proving this is a new survey from FICO, a data analytics firm that claims about six in ten banks in the Asia Pacific face application fraud using synthetic identities.

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We have seen several banking apps being affected with malware across the world in the past few months. While most of them claim to have successfully dealt with them, the dangers of issue has still now been resolved completely. Proving this is a new survey from FICO, a data analytics firm that claims about six in ten banks in the Asia Pacific face application fraud using synthetic identities.