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

• [New] Europe's new fraud-prevention rules for online shopping will re-write the playbook on e-commerce security. Morgan Stanley Australia
• [New] In 2025, fraud schemes have become more sophisticated-leveraging new technologies and exploiting emerging vulnerabilities-making prevention more critical than ever. Brady Martz & Associates
• [New] Fraud prevention remains a critical priority for businesses of all sizes in 2025, as cybercriminals continue to evolve their tactics and exploit new vulnerabilities. Cyber Security News
• [New] Expanding biometric use will help combat trafficking, verify criminal history, deter fraud, and enhance identity management throughout the immigration lifecycle. Erickson Immigration Group
• [New] The best approach to address the vulnerabilities in the immigration process, preclude imposters, and deter fraud would be to rely more on biometrics for identity management in the immigration lifecycle. Federal Register
• [New] Firms like Capital One now use sophisticated AI to recognize customer behavioural patterns, while others are deploying it to combat emerging threats like synthetic fraud and to automate costly client onboarding and compliance processes. FinExtra
• [New] The elderly are most at risk, with at least two-thirds of people over the age of 75 receiving attempted telephone fraud. Euronews
• [New] Starting in 2026, Blend will expand Intelligent Origination into additional use cases across fraud detection, income and asset verification, loan officer tools, and borrower communication spanning mortgage, home equity, consumer lending, and deposit products. Stock Titan
• [New] Multiple regulatory deadlines are converging for the US in 2026, including Treasury Central Clearing mandates, ACH fraud monitoring rules, the GENIUS Act, and AML/CFT programme redesigns, financial institutions are under pressure to prioritise and sequence their compliance efforts. FinExtra
• [New] DWP found the machine learning model to be around three times more effective at identifying fraud risk than a randomised control group sample. UKAuthority
• [New] Real-time account verification tools like LSEG's Global Account Verification reduce fraud risk, support compliance, and secure cross-border payments. Fintech Singapore
• [New] APP Fraud could cost the global economy $331 B by 2027, driven by scams exploiting instant payments and AI deception. Fintech Singapore
• [New] Global cross-border transactions are set to reach US$ 250 trillion by 2027, but APP fraud is growing just as fast, with projected global losses of US$ 331 billion as AI-driven impersonation and real-time payments expose new vulnerabilities across borders. Fintech Singapore
• [New] Canada is setting up a financial crimes agency to take on a rising tide of online scams as part of a national anti-fraud strategy that will also require more action from banks. FinExtra
• [New] With $64 billion lost to scams in 2025 and 77% of Americans encountering fraud attempts on a near-daily basis, the United States is grappling with a sophisticated threat landscape transformed by artificial intelligence and deepfake technology. ScamWatchHQ
• [New] With 77% of CFOs planning to boost technology spending in 2025, many are turning to turnkey solutions, like virtual cards, for their ability to integrate into existing workflows, streamline payment processes, reduce fraud risk, and improve cash flow. FinExtra
• [New] The IRS's digital-first strategy marks a significant upgrade over previous stimulus efforts, minimizing fraud risks and ensuring faster, safer transactions. Globe Charter School
• [New] From personalized advice to fraud prevention, the trends of 2025 highlight AI's potential to make finance more accessible, efficient, and inclusive. Medium
• [New] By addressing the growing threat of AI-driven impersonation and authorised push payment fraud, Europe is setting a new global standard for safe and trusted digital finance. FinExtra
• When used thoughtfully, AI can help combat fraud threats; it has several promising applications in fraud detection, including bank-transaction monitoring, spam-messaging filtering, harmful-content blocking, and malware detection. Morningstar, Inc.
• Fraud losses may increase by 32% in the U.S., causing $40 billion in losses by 2027. Morningstar, Inc.

Last updated: 04 November 2025