FICCI - KPMG report on Next Gen Forensic The New Age of Fraud Investigation
The FICCI–KPMG report, Next-Gen Forensic: The New Age of Fraud Investigation examines the rapidly evolving landscape of cyber-enabled financial crime and highlights the need for organisations to adopt future-ready forensic capabilities. As digital payments, cloud technologies, artificial intelligence (AI), and interconnected digital ecosystems continue to expand, fraud has become more sophisticated, organised, and difficult to investigate through conventional approaches.
The report explores emerging fraud typologies, evolving digital evidence, sector-specific risks, and the changing legal and regulatory environment. It emphasises the importance of shifting from reactive investigations to proactive, intelligence-led forensic frameworks that integrate digital evidence, financial intelligence, governance, and advanced analytics. The study also highlights the growing role of AI in both enabling and combating financial crime, while underscoring the importance of forensic readiness, evidence preservation, and inter-agency collaboration.
Covering sectors including banking and financial services, fintech, manufacturing, government, energy, and e-commerce, the report provides practical insights into strengthening fraud prevention, investigation, and organisational resilience. It serves as a valuable resource for policymakers, regulators, law enforcement agencies, corporate leaders, forensic professionals, and industry stakeholders seeking to build trusted and resilient digital ecosystems in an increasingly complex threat environment.
Key Takeaways
- Explores the evolving landscape of cyber-enabled financial crime and next-generation fraud risks.
- Examines the impact of AI, deepfakes, digital payments, cloud technologies, and cross-border criminal networks on modern fraud investigations.
- Highlights the need to transition from reactive investigations to proactive, intelligence-led forensic capabilities.
- Discusses the importance of digital evidence management, forensic readiness, and legally admissible evidence collection.
- Provides sector-specific insights across banking and financial services, fintech, government, manufacturing, energy, and e-commerce.
- Reviews India's evolving legal and regulatory framework governing cybercrime, digital evidence, and financial fraud investigations.
- Emphasises collaboration among industry, regulators, law enforcement agencies, and technology providers to strengthen digital trust and resilience.
- Presents practical recommendations for enhancing fraud prevention, investigation, governance, and organisational preparedness in the digital economy.
- Serves as a reference document for policymakers, investigators, corporate leaders, compliance professionals, and forensic practitioners navigating emerging cyber and financial crime challenges