popularity and widespread availability of artificial intelligence in the past year has fuelled an alarming surge in scams.
As financial crime escalates, companies must remain abreast of the latest trends and adapt their strategies to combat constantly evolving fraud tactics.of fraud attacks and consumer fraud data collected and analysed by Outseer’s team of fraud experts. Leveraging proprietary insights gained from safeguarding customers, this report sheds light on the ever-evolving cyber fraud landscape that affects organisations of all sizes.
2. The increase in mobile banking and malware as a service has sent malware attacks to all-time highs. Outseer has seen a significant uptick in unauthorised push payments, mule accounts and account takeovers in markets where faster payment adoption is high. Surveyed financial institutions saw a spike in fraud attacks using real-time rail: 57% reported mule activity was up, 71% reported consumer ATO had increased and 62% reported app fraud had increased.