Singapore drops to 10th in global fraud protection

Whilst Singapore’s overall ranking declined, it stood out on government-led measures. 

Singapore has fallen to 10th place from first globally in overall fraud protection, according to Sumsub’s 2nd Global Fraud Index, even as it retained the top global ranking for government intervention.

The 2025 index, which now covers 112 countries, saw Asia-Pacific fall one spot to 4th globally, in overall regional fraud protection.

APAC now ranks above only Africa, trailing Europe, the Middle East, and the Americas.

Whilst Singapore’s overall ranking declined, it stood out on government-led measures. The city-state ranked first globally on the Government Intervention pillar, reflecting strong public sector action and regulatory frameworks aimed at tackling fraud across sectors.

In Asia Pacific, New Zealand (7th) and Singapore (#10) ranked highest in fraud protection, followed by Australia (15th), South Korea (27th), and Japan (28th).

At the other end, Pakistan was once again ranked last globally (112th), with Indonesia (111th), India (109th), Bangladesh (106th), and Sri Lanka (103rd) also among the weakest globally.

Several countries saw major shifts. New Zealand rose five places to seven, and Thailand jumped 25 spots from 58 to 33. In contrast, Malaysia saw the steepest drop, falling from 34 to 86, whilst Japan and Indonesia also registered double-digit declines.

Globally, Europe dominated the top 15, with multiple countries achieving strong results across all four pillars. The United States, whilst not topping the overall rankings, was noted for leading in AI readiness at the government level.

The report combined Sumsub’s internal identity verification data, drawn from around 1 million checks per day, with external datasets from institutions such as the World Bank, Transparency International, and Oxford Insights, across four key pillars built on the Fraud Triangle framework: pressure, opportunity, rationalisation, and intervention.