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Global strategy paper 2026

Before Fraud Transacts

Enabling proactive prevention in the age of industrialized AI
Download the whitepaper See your exposure
Who it's for
Written for the people accountable when fraud passes through
CEOs
CISOs
Heads of Fraud
AML Directors
Financial Crime Leaders
Heads of Digital Transformation
Risk & Payments
Overview
Modern fraud isn't an event. It's an industrialised campaign that begins weeks before the payment. The transaction is where fraud ends, not where it happens.This paper shows how to disrupt the campaign, not document it after.
Why this paper
This isn't another fraud report. Most reports catalogue what already happened. This one argues the entire defence model is positioned at the wrong point in the adversary's timeline, and lays out the operating model that fixes it: Cyber-Fraud Fusion. It tells you where you're standing in the adversary's timeline, why it's the wrong place, and how to move from documenting losses to disrupting campaigns.
Why it matters now
Regulators in every major market are converging on the same conclusion: if fraud passed through your institution, you are accountable. The evidence that you tried to stop it must be built before the incident, not reconstructed after.
Where your controls stand on the adversary's timeline
Weeks before
Campaign begins — supply chain, infrastructure, mule warm-up
Weeks before
Campaign begins — supply chain, infrastructure, mule warm-up

Three numbers define
the gap

$579.4B
Lost to bank fraud and scams in 2025
— Nasdaq Verafin | 2026 Global Financial Crime Report
28%
Of fraudulent funds exit a mule account within 15 minutes
— RUSI | 2025
23 days
The operational blind spot between cyber visibility and fraud detection
— Illustrative composite | Group-IB investigations

One operating model.
Four capabilities.

The architecture institutions are using to move from documenting
losses to disrupting campaigns.

Converge
Converge

Cybersecurity, fraud and AML stop scoring fragments and start seeing the whole operation.

Predict
Predict

See what the adversary is doing before it reaches your rails, and intercept where prevention is still possible.

Share
Share

Privacy-preserving, cross-institutional sharing of suspicion before fraud is confirmed — flagged at one bank, actionable at all of them.

Disrupt
Disrupt

<span style=”color: #ffffff;”>Regional analysts investigate it, Group-IB and law-enforcement partners dismantle it, and Fraud Protection blocks it in your channels in real time.</span>

See your own number

Don't take our
word for it. See
your exposure.

The Fraud Exposure Calculator estimates your institution's annual exposure across APP fraud, account takeover, 3-D Secure and mule cash-out using only your own data, zero vendor benchmarks. Start with two inputs and refine from there.
Open the Fraud Exposure Calculator

Get the operating
model

Move from documenting losses to disrupting campaigns
 — before the transaction, not after it.

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data, actionable insights, forecasts and recommendations