Sri Lanka, June 30 -- Financial frauds and scams are no longer isolated challenges; they are a systemic threat to public trust on financial system, economic resilience and national development.

Financial frauds and scams have intensified sharply in recent years, exacerbated by the rapid expansion of digital banking and the increasing reliance of financial consumers on online financial services. While technological innovation has made transactions faster, cheaper and more accessible, it has simultaneously created new avenues of exploitation for sophisticated fraudsters.

Today, financial consumers are exposed to a growing array of threats: phishing attacks, fraudulent investment schemes, identity theft involving the misuse of stolen pers...