KPMG is delighted to share the findings of our inaugural Global Banking Fraud Survey (Survey). The Survey was conducted to obtain a global perspective of how banks are tackling internal and external fraud threats.
The Survey questioned banking fraud risk, investigations and group security professionals on trends in fraud typologies, challenges banks are facing in mitigating internal and external threats in the period 2016 to 2018, security in a digital age and how banks are structuring their teams and deploying resources to optimize their fraud risk management efforts.
KPMG’s Global Banking Survey was conducted between November 2018 and February 2019 across 43 retail banks, 13 of which are in the Asia-Pacific, 5 in the Americas and 25 in Europe, the Middle East and Africa (EMA) region. Eighteen have annual revenues in excess of US$10 billion and 31 employ more than 10,000 people across the globe.
We would like to thank the respondents who took the time to participate in the survey. We are delighted to share the results, accompanied by our own global and regional insights from KPMG member firm professionals.
Fraudsters are becoming more sophisticated and can quickly change and adapt their approaches. Banks need to be agile to respond to new threats and embrace new approaches and technologies to predict and prevent fraud.