current
Global Fraud Surge
Cyber fraud is increasing in volume and sophistication globally, undermining trust and impacting individuals, businesses, and organizations.
Themes
Timeframe
immediate
Categories
Impact areas
Detailed Analysis
The ingenuity and scalability of fraud tactics are surging globally, impacting all sectors and regions. From payment and QR code fraud to business email compromise and investment scams, cybercriminals are constantly evolving their techniques to exploit vulnerabilities and evade detection. The increasing accessibility of deepfake technology is making impersonation even more convincing, further exacerbating the threat of fraud.
Context Signals
Scammers stole over $1 trillion globally in 2023.
E-commerce payment fraud losses are expected to surpass $90 billion by 2028.
Edge
Generative AI will accelerate the creation of fake identities, making it easier to deceive merchants and individuals.
The growth of the CaaS economy will simplify the execution of complex fraud schemes.
