Rising Consumer Distrust in Asia’s Financial Apps Amid Escalating Fraud Risks
The Update: In 2024, Asia-Pacific (APAC) consumers experienced a significant erosion of trust in digital financial services, driven by a surge in sophisticated cyber fraud and a perceived lack of adequate institutional safeguards. Reports indicate that individual consumers in Asia collectively lost nearly $700 billion to digital scams in 2024, underscoring the scale of the […]
