Our Scans · (FS.7.01) Fraud · Weekly Summary

• [New] Generative AI-enabled fraud losses in the United States are projected to reach $40 billion by 2027 at a compound annual growth rate of 32%. Adaptive Security
• [New] According to the Deloitte Center for Financial Services' Deepfake Banking Fraud Risk on the Rise 2024, generative AI-enabled fraud losses in the United States will reach $40 billion by 2027, growing from $12.3 billion in 2023 at a 32% compound annual growth rate. Adaptive Security
• [New] The Visa Threat Intelligence Platform is designed for security, fraud and risk teams in the financial sector. Fintech Singapore
• [New] Visa has launched a threat intelligence platform to help financial institutions detect cyber risks before they turn into fraud. Fintech Singapore
• [New] Business Email Compromise Protection is projected to grow at a 18.25% CAGR through 2031, indicating that buyers are strongly prioritizing impersonation-led fraud and payment-related deception. Mordor Intelligence
• [New] The networks that compound their fraud-model and customer-comms capability are the ones that hold consumer trust into 2027 and beyond. TechBullion
• [New] Over the next three years, 60,000 professionals in accounting and finance will learn to use artificial intelligence tools to do everything from automating fraud detection to pulling insights from raw financial data for audits. ST
• [New] The SEC enforcement staff will treat the gap between AI claims and reality as fraud. Magazine
• [New] The $1 billion in losses in 2025, the 1300% surge in contact center fraud attempts, and the projection of $40 billion in AI-facilitated fraud by 2027 represent a crisis that is already impacting businesses and consumers today. AutoFaceless
• [New] The 13% drop in enrolment from 22.1 million people in 2025 to 19.2 million in 2026 could be attributed to a federal crackdown on fraudulent or phantom enrolment. ABC News
• [New] Cybercriminals are targeting the 2026 FIFA World Cup with phishing, fraud, DDoS attacks, ticket scams, and other cyber threats across host cities in the United States, Canada, and Mexico. Tech Startups - Tech News, Tech Trends & Startup Fundin
• [New] AI-enabled tools are already expanding from R&D into day-to-day decision-making and execution across organizations, including risk, fraud, marketing, documentation, customer service, hedging, prospecting and AML/BSA compliance. J.P. MORGAN
• [New] Across the 2020s, DWP spending on combatting fraud and error is forecast to rise from £150 million in 2020-21 to £940 million in 2029-30. GOV.UK
• [New] EVM, announced in 2023 for implementation in 2026, increased DWP's legislative power to check claimant eligibility against capital rules with banks, and is expected to reduce fraud and error by £0.3 billion in 2030-31. GOV.UK
• [New] Threat actors could potentially exploit the disclosed personal information to conduct identity theft, account takeover attacks, financial fraud, social engineering campaigns, SIM-swapping attacks, and other forms of cyber-enabled crime. CYFIRMA

Last updated: 07 July 2026