KPMG’s Global Banking Scam Survey explores the growing threat of authorised push payment (APP) fraud, where victims are deceived into sending money to fraudsters posing as trusted entities. With billions lost globally each year, these scams affect banks, regulators, tech firms, and consumers alike. Surveying 48 banks across 16 countries, KPMG identifies trends and best practices for scam prevention. As banks serve as financial gatekeepers, the report urges cross-sector collaboration and stronger strategies to combat fraud, enhance consumer protection, and safeguard the global financial ecosystem.

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