Global report reveals how cybercrime, governance gaps and AI-turbocharged deception are converging to create an industrialised fraud environment that demands coordinated action. According to Combatting fraud in a perfect storm , cyberfraud now dominates both prevalence and materiality globally, amplifying all other risks.

Procurement, abuse of authority, and third-party frauds follow close behind as the most prevalent types worldwide. Yet they remain chronically underreported, particularly in SMEs and the public sector.

Drawing on responses from over 2,000 professionals and 31 roundtable discussions around the world, the study – launched during International Fraud Awareness Week – shows how fraud has become industrialised, converging across value and supply chains and outpacing convent

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