Risk Management Association of India
Global body dedicated to education, research and development on Risk Management
The year 2022 was one of global financial uncertainty and risk, and 2023 may bring more of the same. For executives in payments risk management, planning for the year ahead should involve taking this geopolitical and financial uncertainty into account Read More …
Fraud is moving online. In 2021, when most people were stuck inside because of the pandemic, the Federal Trade Commission (FTC) reported a 70% increase in consumer fraud reports compared to 2020. Consumers lost a total of $5.8 billion to mostly impostor scams and Read More …
With the advancement of technology, digitisation has taken a central spot in the payment landscape. Digital payments are omnipresent in today’s interconnected world and have made transactions faster and simpler. This paradigm shift has revolutionised e-commerce and trade. The immense Read More …
Digital payments have revolutionised ecommerce and trade. The payment processes have become faster and simpler. In a country like India, there was significant scepticism surrounding the security and acceptance of digital payments, but such factors have been addressed through robust Read More …
While advanced security systems managed to prevent a further £736 million from being taken, it does raise questions about what other preventative measures banks should be putting in place to further protect their customers. When blockchain technology is spoken about, Read More …
‘It won’t happen to us’ – the famous last words of every business without an effective fraud risk management strategy in place. It may seem unbelievable, but many businesses still have this attitude. It is imperative that business owners learn the reality Read More …
Data in all its facets has dramatically impacted financial organizations in the last two years, both positively and negatively. Whilst rich pools of data have allowed for exciting businesses opportunities, it has simultaneously tasked business with extracting valuable insights with Read More …
The legacy of the Covid-19 pandemic, a global lack of goods and materials, and Russia’s war in Ukraine have each combined to produce a cocktail of economic woes that is proving hard to swallow. Add to this underlying anxiety regarding Read More …
Businesses have witnessed an influx of fraudulent activity over the last few years. Merchants and e-commerce brands are feeling the pressure to provide customers with seamless and secure user experiences. Partnering with a vendor that uses the most up-to-date data Read More …
The hacker stole ₹7.3 crore over three months by manipulating the authorisation process of the payment gateway company to authenticate 831 failed transactions The South East cyber crime police are trying to track down a hacker who stole ₹7.3 crore Read More …