ASEAN Corporate Fraud Landscape

While Cyber Security Fraud remains one of the most pervasive threats, albeit matched by a rise in asset misappropriation and procurement fraud. Internal control mechanisms have not evolved in tandem with business evolution, contributing to a rise in opportunistic fraud that exploits process and control weaknesses.

Whistleblowing mechanisms have however demonstrated their value in giving organisations empowered employees willing to speak up, resulting in the quicker identification and resolution of fraud events.