KUALA LUMPUR, Nov. 21 -- According to ACCA's new report, 'Combatting Fraud in a Perfect Storm', organisations across Asia-Pacific are contending with a diverse and fast-evolving fraud landscape. The study identifies procurement fraud (34 per cent) and bribery and corruption (20 per cent) as the region's dominant risks, accelerated by new vulnerabilities arising from rapid digitisation and AI-enabled deception.

The Asia-Pacific region, including high-growth economies like Malaysia, faces a complex blend of sophisticated digital payment vulnerabilities, expanding attack surfaces, and growing blind spots in crypto fraud and ESG misrepresentation. The rapid adoption of digital payment platforms and commerce super-apps has significantly expan...