RECENT STORIES:

Addressing digital sovereignty in a data-driven world
AI-designed proteins expose critical zero day vulnerability in biosecu...
Net Zero confidence rises among CEOs of US$500m+ firms amid cybercrime...
Colt DCS Strengthens Senior Leadership with Two Key Appointments
2025 International MICE Summit (IMS) to convene global leaders as Visi...
EPWK Holdings Ltd. Announces Pricing of $8 Million Public Offering
LOGIN REGISTER
DigiconAsia
  • Features
    • Featured

      Storage for AI, AI for storage

      Storage for AI, AI for storage

      Tuesday, October 7, 2025, 3:57 PM Asia/Singapore | Features
    • Featured

      When failure is not an option

      When failure is not an option

      Tuesday, October 7, 2025, 12:22 PM Asia/Singapore | Features, Newsletter
    • Featured

      Designing unmanned aerial vehicles for safety and speed

      Designing unmanned aerial vehicles for safety and speed

      Tuesday, September 30, 2025, 4:20 PM Asia/Singapore | Case Studies, Features
  • News
    • Featured

      AI-designed proteins expose critical zero day vulnerability in biosecurity DNA screening

      AI-designed proteins expose critical zero day vulnerability in biosecurity DNA screening

      Wednesday, October 8, 2025, 3:25 PM Asia/Singapore | News, Newsletter
    • Featured

      Net Zero confidence rises among CEOs of US$500m+ firms amid cybercrime risk concerns

      Net Zero confidence rises among CEOs of US$500m+ firms amid cybercrime risk concerns

      Wednesday, October 8, 2025, 2:01 PM Asia/Singapore | News, Newsletter
    • Featured

      Alternative models challenge Einstein’s cosmology on dark matter and energy

      Alternative models challenge Einstein’s cosmology on dark matter and energy

      Tuesday, October 7, 2025, 4:25 PM Asia/Singapore | News, Newsletter
  • Perspectives
  • Tips & Strategies
  • Whitepapers
  • Awards 2023
  • Directory
  • E-Learning

Select Page

Features

From phishing to card testing to $0 payments: Unpacking fraud trends and defenses

By L L Seow | Wednesday, April 2, 2025, 5:39 PM Asia/Singapore

From phishing to card testing to $0 payments: Unpacking fraud trends and defenses

While fraudsters wield AI and new scam tactics; businesses can explore cutting-edge defenses that slash risks and secure global payments. How?

Around the world, digital payments are booming, but so is payment fraud. From card-not-present fraud to AI-accelerated scams such as card testing, the threats are evolving fast, demanding innovative defenses.

Also, as new payment methods emerge, and rapid advancements in AI empower scammers to launch increasingly sophisticated attacks, a multi-layered approach — involving prevention, real-time detection, and swift response — is key to staying ahead.

To tell us more, Ben Wong, General Manager (Southeast Asia and Hong Kong), Adyen, has drawn from trillions in payment data in his organization to show how AI can cuts manual risk rules by as much as 86%, making this a vital read for IT leaders tackling fraud’s next wave.

DigiconAsia: What emerging payment fraud techniques or cyber threats have you noticed on a regional and global scale? What best practices or technology solutions do you experts recommend for organizations worldwide to combat these evolving risks?

Ben Wong (BW): Card-not-present (CNP) fraud is a constant threat, with scammers using stolen card details to make online purchases. However, the advent of new payment methods has expanded CNP fraud from online to in-person purchases. Also:

  • Many fraudsters also engage in card testing, where they “test” the validity of stolen card details with small, low-value value transactions. Because the transaction values are small, card testing fraud often flies under the radar.
  • As digital payments grow, so do opportunities for fraud. The advent of AI has also accelerated the evolution of fraudulent techniques, allowing scammers to carry out sophisticated scams while refining their tactics at breakneck speed.
  • In the evolving fraud landscape, responsibility continues to lie with businesses to stay ahead and protect their customers’ encrypted data.

We recommend a dynamic risk management approach that incorporates machine learning, which allows businesses to immediately recognize the patterns of fraudulent payments and adjust rules in real time.

DigiconAsia: How are consumer expectations and regulatory responses shaping cybersecurity strategies across different markets in the region?

Pages: 1 2

Share:

PreviousASEAN leads in Hybrid AI adoption, surpassing global and APAC organizations
NextHow is AI transforming manufacturing operations and addressing industry challenges?

Related Posts

How COVID-19 will affect 5G network deployments

How COVID-19 will affect 5G network deployments

April 16, 2020

Is there still hope for brick-and-mortar retail in the pandemic economy?

Is there still hope for brick-and-mortar retail in the pandemic economy?

June 4, 2021

Watch these three AI and automation trends in 2024

Watch these three AI and automation trends in 2024

December 6, 2023

BPMB banks on its human capital as much as its key assets

BPMB banks on its human capital as much as its key assets

August 7, 2024

Leave a reply Cancel reply

You must be logged in to post a comment.

Awards Nomination Banner

gamification list

PARTICIPATE NOW

top placement

Whitepapers

  • Achieve Modernization Without the Complexity

    Achieve Modernization Without the Complexity

    Transforming IT infrastructure is crucial …Download Whitepaper
  • 5 Steps to Boost IT Infrastructure Reliability

    5 Steps to Boost IT Infrastructure Reliability

    In today's fast-evolving tech landscape, …Download Whitepaper
  • Simplify Payroll Setup for Your Small Business

    Simplify Payroll Setup for Your Small Business

    In our free guide, "How …Download Whitepaper
  • Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Overcoming the Challenges of Cost & Complexity in the Cloud-first Era.

    Download Whitepaper

Middle Placement

Case Studies

  • Globe Business reduces overall customer service workload by 34% through digitalization

    Globe Business reduces overall customer service workload by 34% through digitalization

    This was the result of …Read More
  • HOSTWAY gains 73% operational efficiency for private cloud operations  

    HOSTWAY gains 73% operational efficiency for private cloud operations  

    With NetApp storage solutions, the …Read More
  • Designing unmanned aerial vehicles for safety and speed

    Designing unmanned aerial vehicles for safety and speed

    SwissDrones uses Autodesk Fusion to …Read More
  • LVMH redefines payments in the global luxury sector with Adyen

    LVMH redefines payments in the global luxury sector with Adyen

    Frictionless payment solutions for seamless …Read More

Bottom Sidebar

Other News

  • Colt DCS Strengthens Senior Leadership with Two Key Appointments

    October 8, 2025
    LONDON, Oct. 7, 2025 /PRNewswire/ …Read More »
  • 2025 International MICE Summit (IMS) to convene global leaders as Vision 2030 powers Saudi Arabia’s rise as a global hub for business events

    October 7, 2025
    Over 2,000 global industry and …Read More »
  • EPWK Holdings Ltd. Announces Pricing of $8 Million Public Offering

    October 7, 2025
    XIAMEN, China, Oct. 7, 2025 …Read More »
  • Yiren Digital Launches Next-Gen Magicube Agent Platform Targeting $30 Billion Generative AI Market

    October 7, 2025
    BEIJING, Oct. 7, 2025 /PRNewswire/ …Read More »
  • CtrlS Datacenters Receives Frost & Sullivan’s 2025 India Competitive Strategy Leadership Recognition in Data Center Services

    October 7, 2025
    Strategic growth, innovation in AI-ready …Read More »
  • Our Brands
  • CybersecAsia
  • MartechAsia
  • Home
  • About Us
  • Contact Us
  • Sitemap
  • Privacy & Cookies
  • Terms of Use
  • Advertising & Reprint Policy
  • Media Kit
  • Subscribe
  • Manage Subscriptions
  • Newsletter

Copyright © 2025 DigiconAsia All Rights Reserved.