New Zealand
New Zealand New Zealand
Consumers make most of their payments by internet banking
  • 74%
  • 70.5%
  • 54.5%
  • 46.5%
  • 39.6%
  • 40.7%
  • A higher percentage make payments via internet banking to banks and insurance companies, telcos, and retailers, respectively, compared to the regional average
  • Impact: Anti-fraud capabilities critical to the increased digital transaction frequency and customers’ trust in banks
Australia Australia
Consumers are most satisfied with the post-fraud service of banks and insurances companies
  • More than 70% satisfaction rate compared to 59.7% on average
  • Impact: Increased trust in BFSIs
Indonesia Indonesia
Consumers that encountered most fraud incidents in the past 12 months

AP Average

  • 49.8% have experienced fraud at least once compared to 34.7% on average
  • Impact: Overall anti-fraud capabilities need improvement
Singapore Singapore
Consumers have the highest trust towards government
AP Average
  • 75.5% choose government agencies, compared with 51.7% on average
  • Impact: Trust of personal data protection is centered around government agencies
Vietnam Vietnam
Consumers encountered most fraud incidents in retail and telco during the past 12 months
  • 55%
  • 54.5%
  • 32.8%
  • 35.2%
  • 55% and 54.5% have experienced fraud at least once in retail and telco, respectively, compared to 32.8% and 35.2% on average
  • Impact: Overall anti-fraud capabilities need improvement
Thailand Thailand
Most Thai consumers believe speed and resolution are severely lacking (response/ detection speed toward fraud incidents)
AP Average
  • 60.5% think it is most important, compared to 47.7% on average
  • Impact: Response time as one of key factors to fraud management to retain customers and gain their trust
India India as standalone
Consumers have the largest number of shopping app accounts in the region
  • Average of three accounts per person
  • Impact: Highest exposure to online fraud
Hong Kong
Hong Kong Hong Kong
The least percentage of consumers with high satisfaction level toward banks and insurance companies’ fraud management
AP Average
  • Only 9.7% are most satisfied compared to 21.1% on average
  • Impact: effective response towards fraud incidents to be improved
China China
Consumers are the most tolerant toward submitting and sharing of personal data
AP Average
  • 46.6% compared to the AP average of 27.5% are accepting of sharing personal data of existing accounts with other business entities
  • Impact: higher exposure of data privacy and risk of fraud
Japan Japan as standalone
Consumers most cautious on digital accounts and transactions
50.7% Actively maintain digital accounts’ validity
27% AP Average
45.5% Do not do online bank transfers
13.5% AP Average
  • More than 70% did not encounter fraud incidents in past 12 months, compared to 50% on average
  • Impact: Relatively low risk of fraud

Indonesia consumers demand greater security on top of convenient digital experiences, uncovers Experian research

Indonesia consumers demand greater security on top of convenient digital experiences, uncovers Experian research

New Experian research highlights that 77% of Indonesia consumers value ‘security’ as the most important element of their online experience

JAKARTA, 3 May 2019 – As organisations and consumers increasingly interact over digital channels, both parties must find ways to establish mutual trust. Based on insights from almost 6,000 consumers and 590 businesses across Asia-Pacific (APAC), Experian’s Global Identity and Fraud Report APAC edition highlights that trusted online relationships are based on businesses providing both a secure environment and seamless consumer experiences. 504 consumers and 53 businesses from Indonesia participated in the study.


The report found that the majority (77%) of Indonesia consumers valued ‘security’ as the most important element of an online experience, followed by ‘convenience’ (17%) and ‘personalisation’ (6%). The value that Indonesia consumers placed on security is on par with Malaysia, and is the highest in APAC. The report also found that 40% of Indonesia businesses had experienced an increase in online fraud-related losses over the past 12 months. This includes account takeover attacks and fraudulent account openings. As a result, 77% of Indonesia consumers surveyed, the highest in APAC, felt that the trade-off for convenience in today’s digital society was privacy. 50% of businesses in Indonesia also shared that they were collecting more personalised data to develop a more tailored user experience, targeted products and offers.


“With interactions between businesses and consumers increasingly taking place over digital channels, building an environment characterised by security and mutual trust should be a leading priority,” said Dev Dhiman, Managing Director, Southeast Asia and Emerging Markets, Experian. “It will be imperative for business leaders to invest in identity verification and fraud management capabilities to realise the full potential of Indonesia’s digital economy.”


Data is vital for the seamless delivery of digital services in Indonesia. According to Google-Temasek’s e-Conomy SEA 2018 report, Indonesia is home to the region’s biggest and fastest growing internet economy in the region which is posed to reach US$100 billion by 2025, and is supported by the largest user base in Southeast Asia. Beyond consumer convenience, positive developments in data will also be vital to drive Indonesia’s digital potential and its 2020 Go Digital Vision which is anticipated to boost overall growth of the country through digitalisation.


While existing security methods used by organisations are still more traditional in nature, report findings revealed that new technologies and advanced authentication solutions are viewed favourably by consumers. In fact, Indonesia consumers who have encountered physical or behavioural biometrics during online banking showcased confidence in these security measures: 76% had high confidence in physical biometrics, while 77% indicated high confidence in behavioural biometrics1

“Consumers are increasingly looking to organisations to implement measures to enhance security and protection in digital interactions, and they are also looking to them for a more simplified approach. One approach that has proven both effective and well received among consumers is biometrics, which speeds up and simplifies the identity verification process for consumers”, said Mr Dhiman.


Organisations from the banking, financial services and insurance sector, government agencies, and payment system providers were determined to elicit the greatest levels of consumer confidence when it comes to handling personal data. Payment system providers in Indonesia enjoy some of the highest level of consumer trust (73%) within APAC, second only to Thailand at (76%). This is likely due to the Indonesian government’s efforts in establishing the infrastructure and ecosystem to facilitate digital payments and online trade.


Transparency is another key determinant in building mutual trust. The report found that 88% of Indonesia consumers expected full transparency from businesses on how their information is used. Recognising this need, 64% of Indonesia businesses surveyed have invested more into programs designed to increase transparency in the last six months, with 74% having plans to invest more into such initiatives. Examples of these initiatives include educating consumers, communicating terms more concisely and helping consumers feel in control of their personal data.


The full Global Identity and Fraud Report - Asia-Pacific edition can be downloaded here.


Experian’s identity and fraud business comprises of nearly 300 fraud experts around the world working to protect people’s identities and fight fraud for businesses across multiple sectors, including financial services, telecommunications, retail/e commerce, insurance, government and healthcare.


[1]According to the 2019 Experian Identity and Fraud Report, some examples of behavioural biometrics include speech patterns, keystroke dynamics, signature analysis, etc.

Read full article


By Experian 05/29/2019

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