Digital banking fraud surged 21% between 2024 and 2025, with 1 in 20 verification attempts now fraudulent. Financial institutions face rising threats from deepfakes, synthetic identity fraud, and account takeovers, with some losing up to 20% of annual revenue. Read this article to explore emerging fraud patterns and prevention strategies.
Digital banking faces a fraud crisis in 2025, with verification fraud attempts rising to 1 in 20—a 21% increase from last year. Institutions are battling threats like deepfake attacks, synthetic identity fraud, account takeovers, and AI-driven scams, eroding trust and revenue.
This article explores strategies to combat fraud. Experts stress multilayered defenses using AI-powered identity verification, biometric authentication, and network-wide pattern detection to safeguard institutions and customers.
· 13% of leaders report losing up to 20% of revenue
· Biometric authentication as a new standard
· Cross-network intelligence to detect attacks early
Discover fraud prevention strategies for 2025.
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