#Singapore #Sumsub #Fraud Prevention #WTF Summit

WTF Summit 2025: Global Leaders Come Together in Singapore

As the threat of fraud continues to escalate on a global scale, industry leaders are convening at the inaugural What The Fraud Summit (WTF Summit) in Singapore on November 19-20, 2025. Organized by Sumsub, a leader in verification and anti-fraud solutions, the summit promises to foster insightful dialogue and practical strategies for tackling digital fraud challenges.

With over 500 professionals from diverse sectors including fintech, cryptocurrency, technology, and compliance expected to attend, the summit serves as a unique platform aimed at addressing the pressing issues related to fraud prevention and AI security. This initiative is part of a larger effort to create a more resilient framework for digital trust, especially within the Asia-Pacific (APAC) region, which has seen significant vulnerabilities in the face of evolving digital threats.

The Rising Challenge of Fraud in APAC

According to the recent 2025 Global Fraud Index released by Sumsub, the APAC region has experienced noticeable declines in its capability to counteract fraud, now ranking fourth globally behind Europe, the Middle East, and the Americas. Leading economies such as Singapore, Malaysia, Indonesia, and Japan have all reported substantial drops in their fraud defense rankings, highlighting a critical gap between rapid digital growth and effective fraud mitigation strategies. Andrew Sever, Co-founder and CEO of Sumsub, emphasizes the need for collective efforts to confront this so-called