The firming grip of cyber fraud in Asia: What effective actions must banks take today?

Group-IB outlines the surge of cyber-enabled fraud in APAC and argues that banks must go beyond traditional transaction monitoring by incorporating device trust signals, behavioral biometrics, and threat intelligence to detect and prevent scams in real time. The piece highlights prevalent tactics—deepfakes to bypass KYC, bot-driven fake accounts, malware/RATs, reverse‑engineered mobile apps, mule accounts, and scam calls—and promotes policy-driven defenses and ecosystem collaboration to protect customers and brands.