Pakistan Cyber Fraud Losses Hit 2.5% of GDP, Highest in Asia
Pakistan’s cyber fraud losses are estimated at 2.5% of GDP, the highest in Asia, prompting calls for faster intervention and stronger consumer protection….reports Asian Lite News Desk Pakistan is facing the highest estimated economic losses from cyber-enabled financial fraud in Asia, with scams costing the country an amount equivalent to 2.5 per cent of its gross domestic product (GDP), according to a report. The estimated loss is significantly above the global average of 0.45 per cent of GDP, highlighting growing risks as digital payments and financial services expand. A report by Business Recorder, citing the International Monetary Fund (IMF) and
