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

From 2023 to 2024, fraudsters' focus shifted back slightly towards Account Takeover (ATO) Fraud from Scams in terms of overall value of attempts.

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%).

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

Attempted misuse largely involved financial accounts (85%).

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 .

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

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

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 .

47% of financial and banking organisations in the UK have reportedly spent more than one million euros over the last two years on implementing regulations such as DORA and PRA.