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Maximum Number of E-Frauds in India, Yet Consumer Trust Highest
April 25, 2019
According to a 2019 Experian India report, India faces the maximum number of frauds in the entire Asia-Pacific region. Surprisingly, customers place their highest trust in financial institutions.
The report said that around 65% of businesses in India saw an uptick in online frauds in the past 12 months against the 50% businesses in the Asia-Pacific region. However, 60% of consumers in the Asia-Pacific region have a high level of trust in insurance companies, banks, and other financial institutions.
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