Articles Tagged with ''fraud''

The financial services industry is experiencing a surge in fraud rates, driven by the increasing ability of bad actors to access cutting-edge technologies. 

1 in 20 online identity verification attempts are fraudulent in the financial services sector. 

Rising trade tensions are prompting businesses to reconfigure their global vendor networks. But in their rush to avoid the impact of tariffs, many are walking straight into fraud.

A recent cybercrime report by Malwarebytes found that AI agents will soon usher in a world of far more frequent, sophisticated and difficult-to-detect cyberattacks.

Internet crime losses exceeded $16 billion in 2024.

In Q1 2025, deepfake-driven fraud led to $200 million in financial losses. 

According to a new report by Trustpair, cyber fraud (deepfakes, hacking, phishing, voice cloning, etc.) rose by 14% year over year (YoY).

Cybercriminals don’t just demand money, they go after details like Social Security numbers, birth dates, and banking information to fuel future fraud.

Many organizations are increasing fraud prevention budgets and teams. 

The financial sector faces an increase in email attacks.