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New data from Jumio, the leading AI-powered trusted identity as a service provider, reveals that new account fraud increased 27.8 percent worldwide YTD in 2019, compared to full-year 2018 results, and more than 100 percent compared to 2014 levels.Surprisingly, attempted new account fraud was 19 percent less during the Black Friday/Cyber Monday weekend (compared to the average 2019 fraud levels), when fraud attempts normally escalate.In the third edition of Jumio’s Holiday New Account Fraud Report, fraud is defined as an attempt by an individual to create a new online account by manipulating a government-issued ID.Close The company compared global ID fraud patterns from millions of ID verification transactions between 2014 and 2019 across various industries, focusing on the period between Black Friday and Cyber Monday, including Thanksgiving and the Tuesday after Cyber Monday. Jumio also analyzed new account fraud levels across regions, countries, industries and time period. … [Read more...] about Global New Account Fraud Increased 28% in 2019: Report

Congress President Sonia Gandhi on Saturday said the Citizenship Amendment Act would "shred the soul" of India as she launched a scathing attack on 'Modi-Shah government' over the law, alleging their sole agenda was to make people fight to serve their politics, and vowed that her party would not retreat in its struggle against injustice. Addressing the party's mega "Bharat Bachao Rally" (Save India) at Ramlila Maidan here, she also targeted the government over the economic situation and exhorted people to raise their voice to protect the country and its Constitution."The Congress and only Congress has always fought for people's rights. And today too, the Congress party is not going to retreat. Till our last breath, we will fulfil our duty towards protecting the country, democracy and the Constitution" she said."Andher nagri chaupat raja wala mahaul hai (confused leader, chaotic State)… kahaan hai sabka saath sabka vikas? What has happened to economy? Where are jobs?" she asked, … [Read more...] about CAB will shred India’s soul, time to rise to save country and its democracy: Sonia Gandhi

The United States and China cooled their trade war on November 13 and announced "Phase one" agreement that reduces some US tariffs in exchange for what officials said would be a big jump in Chinese purchases of American farm products and other goods.Beijing has agreed to import at least $200 billion in additional US goods and services over the next two years on top of the amount it purchased in 2017, the top US trade negotiator said on November 13.If the purchases are made, they would represent a huge jump in US exports to China. China bought $130 billion in American goods in 2017 before the trade war began, and $56 billion in services, data from the US Bureau of Economic Analysis show.Close In return, the US would suspend tariffs on Chinese goods due to go into effect on December 15 and reduce others, officials said. The 86-page agreement is due to be signed the first week of January in Washington by principal negotiators. related news Hong Kong leader Lam … [Read more...] about US-China trade deal cuts tariffs for Beijing promise of big farm purchases

With the US imposing additional 25 percent duty on imports worth USD 34 billion from China, certain Indian products may become more competitive, the Confederation of Indian Industry (CII) said today.An analysis by the industry chamber revealed that India should focus on the US market for items in the categories of machinery, electrical equipment, vehicles and transport parts, chemicals, plastics and rubber products.“India can focus on numerous goods for expanding its exports to the US and China markets following the hike in duties by both countries on imports from each other,” CII said.Close Top exports from India to the US which are covered in the list of items for which tariffs have been hiked include pumps, parts of military aircraft, parts for electrodiagnostic apparatus, passenger vehicles of 1500-3000 cc, valve bodies and parts of taps, said the chamber. related news PM Narendra Modi arrives in Kanpur to chair first meeting of National Ganga Council … [Read more...] about US-China trade war can make Indian products competitive

China is exporting textiles to India through Bangladesh to get around a tax increase on imports, undermining New Delhi's efforts to support local manufacturers, industry sources said.Earlier this week, India doubled the import tax on more than 300 textile products to 20 percent, marking the second tax increase on textiles in as many months.This is aimed at providing relief to the country's domestic textile industry, which has been hit by cheaper imports. India's total textile imports jumped by 16 percent to a record $7 billion in the fiscal year to March 2018. Of this, about $3 billion were from China.Close Textiles are India's second largest job provider directly employing nearly 51 million people and accounting for 5 percent of India's gross domestic product, and 13 percent of its export earnings. related news PM Narendra Modi arrives in Kanpur to chair first meeting of National Ganga Council US-China trade deal cuts tariffs for Beijing promise of big farm purchases Hong … [Read more...] about Free-trade pacts hamper India’s efforts to curb China textile imports