# 65% Indian businesses witness rise in online fraud | Tech News (HT Tech) > In India, 87% of businesses expressed heightened concern about the potentially damaging impact of fraud, said the study by data analytics company Experian. # 65% Indian businesses witness rise in online fraud ## In India, 87% of businesses expressed heightened concern about the potentially damaging impact of fraud, said the study by data analytics company Experian. Aug 20 2022, 14:29 IST ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook.png) ![Follow on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/follow-us-facebook-hover.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Share.png) ![Share](https://images.hindustantimes.com/tech/static/revamp/images/png/Shareclicked.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp.png) ![Share on WhatsApp](https://images.hindustantimes.com/tech/static/revamp/images/png/whatsapp-hover.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter.png) ![Share on Twitter](https://images.hindustantimes.com/tech/static/revamp/images/png/twitter-hover.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook.png) ![Share on Facebook](https://images.hindustantimes.com/tech/static/revamp/images/png/facebook-hover.png) ![Bookmark](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmark.png) ![Bookmarked](https://images.hindustantimes.com/tech/static/revamp/images/png/Bookmarked.png) ![85% of Indian businesses expressed concern over the impact of online frauds.](https://images.hindustantimes.com/tech/rf/image_size_960x540/HT/p2/2019/04/24/Pictures/open-hack-india_78c3b0bc-6673-11e9-b8c7-d9ea8f4e8ad0.jpg) 85% of Indian businesses expressed concern over the impact of online frauds. (HT Photo) ![Author Photo](https://images.hindustantimes.com/tech/static/revamp/images/png/HTTech-new-circle-logo.png) ### By INDO ASIAN NEWS SERVICE Over the past one year, 65% of Indian businesses have experienced increase in online fraud-related losses, including account takeover attacks and fraudulent account openings, says a report. In India, 87% of businesses expressed heightened concern about the potentially damaging impact of fraud, said the study by data analytics company Experian. With insights from almost 6,000 Asia Pacific consumers, including India, the report found that the majority (71%) value security as the most important element of an online experience, followed by convenience (15%) and personalisation (14%). Also read click here. "While companies continue to innovate on new solutions that enhance the customer experience, there needs to be a focus on reducing the customer's risk exposure by securing the data and information they currently access," said Sathya Kalyanasundaram, Country Managing Director, Experian India. The study showed 65% of the Indian consumers expect full transparency from businesses about use of their personal data. The report titled "2019 Experian Identity and Fraud Report: Asia-Pacific Edition" highlighted that trusted online relationships are based on businesses providing both a secure environment and seamless consumer experiences. Catch all the Latest Tech News, Mobile News, Laptop News, Gaming news, Wearables News , How To News, also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. 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