Cyber financial fraud takes a heavy toll on Pakistan
Executive Intelligence Dispatch
Cyber fraud involving digital financial services is costing Pakistan approximately 2.5 per cent of its gross domestic product (GDP), according to a report associated with the International Monetary Fund (IMF) and the World Bank Group (WBG)....
Key Facts & Findings
- —Cyber fraud involving digital financial services is costing Pakistan approximately 2.5 per cent of its gross domestic product (GDP), according to a report associated with the International Monetary Fund (IMF) and the World Bank Group (WBG).
- —This figure is significantly higher than the global average economic loss caused by cyber-enabled financial fraud, estimated at 0.45 [].
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Cyber financial fraud takes a heavy toll on Pakistan
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