Why governments need to treat fraud like cyberwarfare, not customer service

The report frames industrialized, cyber-enabled fraud as a global security threat that blends criminal enterprises and state-linked activity, exploiting bot farms, malware, deepfakes, messaging platforms, bulletproof hosting, and permissive payment rails to run large-scale scams and launder proceeds. It highlights the massive economic and societal impact, the fragmentation of current defenses, and the need for integrated, real-time, cross-border intelligence sharing and coordinated response across banks, technology platforms, telecoms, regulators, and law enforcement. It also announces the launch of an International Anti-Fraud and Technology Task Force to drive policy, information sharing, capacity building, technology development, and public awareness to outpace fraud networks.