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Card fraud in Asia-Pacific 'costs banks $400m a year'

2 September 2014 Last updated at 00:54 BST

Card fraud in Asia costs banks $400m (£241m) a year and is rising by 20%-25% a year, according to the software analytics firm Fico.

It's a growing challenge for the industry as consumers in the region increasingly conduct transactions or shop online.

The BBC's Ashleigh Nghiem spoke to Fico's managing-director in Asia, Dattu Kompella, to discuss the associated security risks.