Summary
Fly over to Japan with host, Pablo Torres, and dive into exactly what you need to know about current fraud trends in this burgeoning market. Learn about the shift in values and priorities between generations, and how 3DS 2.0 is being legislated to protect businesses from increasing fraud.
Topics
Transcript
Pablo Torres: Welcome to True Fraud. I'm your host, Pablo Torres. And today, we're gonna talk about the landscape, the risk landscape in Japan and how it affects or, has made fraud evolve in the country. I guess we can start very easily talking about a little bit of of statistics. Last year for 2024, Japan declared that there was a a loss related to fraud and scams across the country that was worth 54 billion yen, which is a huge amount.
It is actually the highest that it's been in 10 years. And if you look at the statistics, it has just been going up and up and up every year. It's very interesting when you start looking also at how it's a reflection of the the demographic of the country. There's currently a growing gap between generations or between different demographics in the country. So when we're thinking or when we're talking about this, I'm referring to there's a higher population of elderly people or people that are getting into that stage of their life.
And then there's a gap. And then...