KUALA LUMPUR, Nov 21 (Bernama) — According to ACCA’s new report, ‘Combatting Fraud in a Perfect Storm’, organisations across Asia-Pacific are contending with a diverse and fast-evolving fraud landscape. The study identifies procurement fraud (34%) and bribery and corruption (20%) as the region’s dominant risks, accelerated by new vulnerabilities arising from rapid digitisation and AI-enabled deception.
The Asia-Pacific region, including high-growth economies like Malaysia, faces a complex blend of sophisticated digital payment vulnerabilities, expanding attack surfaces, and growing blind spots in crypto fraud and ESG misrepresentation. The rapid adoption of digital payment platforms and commerce super-apps has significantly expanded the speed and sophistication of financial crime across the region.
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