Singapore businesses must be proactive to combat rise of AI-enabled fraud
Firms small and large must start with meticulous, compliant accounting and finance processes
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ACROSS Asia, all businesses – including small and medium-sized enterprises (SMEs) and large listed companies – are increasingly vulnerable to fraud.
Kroll’s 2025 Financial Crime Report found that 76 per cent of Singapore executives surveyed expect their risk of financial crime to increase. Yet, only 26 per cent strongly believe their company is equipped to deal with it.
To close the capability gap in dealing with fraud, businesses must improve their financial visibility, enforce basic controls, and regularly review their accounting systems and IT procedures.
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