38% of banks expect their identity verification budgets to grow by 21-50% in the coming years.

46% of respondents reported that up to 75% of banking identity verification processes are currently automated.

56% of Filipino business leaders ranked identity verification as the most effective technology for preventing fraud.

More than half (53%) of business leaders globally ranked identity verification in their top three technologies for preventing fraud.

Nearly 20% of Canadians will abandon a checking account if identity checks are too difficult or time-consuming.

15% of Canadians have reduced or stopped using their checking accounts due to the difficulty of identity checks.

17% of Canadians have reduced or stopped using credit cards due to the difficulty of identity checks, which is slightly higher than in 2023.

49% of Canadians reported experiencing more frequent identity verification checks during online purchases.

49% of Canadians reported experiencing more frequent identity verification checks while logging into bank accounts.

There are nearly twice as many identity verification users aged 60–64 as there are aged 20–24, suggesting older adults are both highly targeted and proactive in self-protection.

Global willingness to spend time verifying identity on sharing economy platforms was 70% in 2025, which is only slightly down from 71% in 2024.

In 2025, 74% of global consumers said they would willingly spend more time on identity verification when accessing travel and hospitality-related platforms if it improved their security. This is up from 71% in 2024.

Across all industries, there was a 700% global increase in deepfake fraud between Q1 2024 and Q1 2025.

83% of iGaming operators have experienced fraud in the past year.

Synthetic identity document fraud rose by 195% between Q1 2024 and Q1 2025.

Europe saw a 5.1% increase in fraud rates in the iGaming industry, from 1.18% in 2024 to 1.24% in 2025.

iGaming operators cited the top threats as: Identity fraud: 64.8%, Money laundering: 64.8%, Bonus abuse: 63.8%, Payments fraud: 31.4%, Account takeovers: 23.8%.

Legitimate players typically register around 6 p.m. in the iGaming industry.

Latin America (LATAM) saw the steepest fraud rise in the iGaming industry, with a 31.8% increase, from 0.88% in 2024 to 1.16% in 2025.

Africa recorded the biggest drop in fraud rates in the iGaming industry, with a 14.7% decrease, from 2.99% in 2024 to 2.55% in 2025.