AMCHAM’s Western Region CXO Series, in collaboration with KPMG in India as knowledge partner, hosted a breakfast session on ‘Evolving Frauds and the Profile of a Fraudster’ on March 24^th at JW Marriott Sahar, Mumbai. The session featured insights from Mr. Manoj Vijai, Office Managing Partner – Mumbai and Head – Risk Advisory, KPMG in India and Mr. Mustafa Surka, Partner, Forensic Services, KPMG in India who discussed the evolving landscape of fraud, cyber threats, and risk mitigation strategies. The speakers highlighted key fraud trends, including increasing digital frauds, identity theft, and financial leakages, with real-world case studies on fraud detection and prevention. Speakers delved into the modus operandi of fraudsters, emphasizing how criminals exploit gaps in cyber security, organizational loopholes, and social engineering tactics to execute sophisticated frauds. Discussions also covered the use of forensic tools, AI-driven fraud detection mechanisms, and proactive risk management strategies to safeguard businesses. The session concluded with actionable insights on mitigating fraud risks through stronger internal controls, enhanced due diligence, and employee awareness programs. Attended by industry leaders, the session provided a valuable platform for knowledge exchange, emphasizing the importance of staying ahead of emerging fraud risks in today’s dynamic business environment.