IMF and World Bank Launch Cyber Fraud Blueprint
The IMF and World Bank released a new framework in Bangkok to help financial institutions combat surging digital scams. Online fraud costs the global economy about one trillion dollars annually.
The IMF and World Bank released a joint framework on Wednesday morning to combat cyber-enabled financial fraud. The initiative arrives as Thailand highlighted escalating online scam losses across the region. The framework aims to assist global policymakers and financial institutions, though it stops short of formal policy guidance.
