There was a 46% rise in personal document theft leading to identity theft in 2024

Compared to those investing at an average level, high investors into IDV solutions are 1.6x more likely to report a positive impact on their brand

Compared to those investing at an average level, high investors into IDV solutions are 1.7x more likely to have significantly reduced identity fraud.

21% of organisations reported fraud attempts against facial biometric liveness detection.

70% of respondents agreed that investing in technology is the best way to mitigate the financial risk of identity fraud.

Compared to those investing at an average level, high investors into IDV solutions are 2.2x more likely to see savings compared to companies investing the same or less.

More than half (56%) of consumers in Indonesia identified having better fraud detection systems as the most important action banks can take to protect them from scams.

70% of Indonesians stated they would view their bank more positively if it intervened in real time to prevent a suspected scam payment

More than half of bank CEOs, senior executives and directors say they maintain communication with customers about potential threats.

More than half of bank CEOs, senior executives and directors focus on staff education and training to combat fraud.

69% of bank CEOs, senior executives and directors said fraud was a top risk for their institution.

Menlo Security identified nearly 600 incidents of GenAI fraud in 2024.