Zelle transactions saw a 26% increase in value in 2024.

Scams are still the method of choice across 57% of attempted fraud transactions.

67% of all fraud is linked to just 7% of payments made to newly added payees

The value of attempted fraud for international wires surged 40% in 2024.

In 2024, the total value of international wire transactions declined 6% year over year.

From a volume perspective, there was a slight shift towards Scams to 52% in 2024 vs. a 50/50 split in 2023.

Financial institutions (57%) score highest on trust when it comes to collecting and using customer data.

Of attempted misuse attempts that involved financial accounts, 14% involved checking accounts.

Attempted misuse largely involved financial accounts (85%).

Attempted misuse largely involved financial accounts (85%).

Of attempted misuse attempts that involved financial accounts, 56% involved credit card accounts.

Financial (17.4%) was the #1 targeted industry.

Financial (17.4%) was the #1 targeted industry.

Financial services have 26.2% employee AI adoption.

47% of financial technology decision-makers surveyed said their company does not regularly train employees on fraud and cyberawareness, leaving these firms more vulnerable .

88% of financial technology decision-makers identified cyberthreats as a primary source of disharmony. Businesses are losing an average of $98.5 million per year due to this disharmony, which includes cyberthreats.

85% of leaders surveyed from organizations with dedicated fintech teams reported feeling moderately or very well-equipped to address frictions including cyberrisks

Financial technology decision-makers identified cybersecurity as one of the two most costly sources of friction and tension across the money lifecycle .

More than one-third (37%) of financial technology decision-makers said their company experiences cyberthreats daily, and 74% face critical or high-profile threats on a monthly basis .

Ransomware remains the greatest threat (46%) to financial organisations.