<b>Global Surge in Banking Frauds: An International Management </b> <b>Perspective  </b>

The global banking business has been forced to face an exponential rise in frauds over the last ten years, which was largely because of the speed at which the financial services start becoming digitalized as well as the expansion of cybercriminal networks and the fact that the governance, compliance, and legacy infrastructure remained to be weak. A 2023 report from Aite-Novarica Group further found that fraud-related losses at financial institutions internationally increased by 21 percent between 2018 and 2023, with the report pointing to growth in account takeovers, synthetic identity fraud, and insider collusion many of which could take advantage of the interoperability gaps in legacy systems, splintered crossjurisdictional regulations (Aite-Novarica Group, 2023). The paper combines the relevance of the academic literature, white papers of the industry, and regulatory guidance to identify the glaring gaps in current strategies namely the lack of exploitation of behavioural analytics and regulatory harmonization across borders. It will have value to new strategies by the senior managers, regulatory bodies, and the design of public policy because of the dynamic threats of frauds in financial systems. Mapping the historical shifts in the face of fraud, check kiting, phishing, and date fabrication through the deep-fake and the mule network and adversarial adversarial dependencies, cross-technological challenges, and geopolitical realities define a framework that the future response might embrace.