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

• [New] The value of e-commerce fraud was projected to reach US$ 44.3 billion in 2024, with forecasts showing potential losses exceeding US$ 107 billion by 2029. Yahoo Finance
• [New] By 2025, AI will touch virtually every part of banking and investing: fraud detection will be largely automated, customer experiences will be hyper-personalized, and many traditional back-office tasks will be done by machines. Medium
• [New] The Military Alliance will be processing claims against Deep State fraud while blocking Elite escape routes and converting seized assets into Med Bed infrastructure. Rose Rambles...
• [New] The World Economic Forum highlights that blockchain could reduce fraud-related costs by up to 30% while speeding up claims settlement by 40%. Futurist Speaker on AI Leadership, Future of Work, Futu
• [New] Recent research from CRIF shows that 84% of British consumers expect fraud to rise by 2030, a higher proportion than in other major European markets. Insurance Business
• [New] Improved operator security and a decline in overall messaging volumes will help to drive an 11% decrease in SMS fraud losses for consumers in 2026. Infosecurity Magazine
• [New] Technological Feasibility: Combining blockchain, AI-based fraud detection, and instant settlement systems could make BRICS Pay an agile and secure alternative to SWIFT, capable of supporting carbon offset projects and facilitating emission trading. Universal Group Of Institutions
• [New] The IRS now collaborates closely with Social Security and SSI systems, ensuring faster, more secure transactions with minimal fraud risk. HopeCenter Dayton
• [New] Across retail, hospitality, and quick service restaurant (QSR) industries, researchers warn that 2025's fraud landscape may surpass all previous records in both scale and sophistication. eSecurity Planet
• Card-not-present fraud remains seven times higher than in-store transactions, with global losses forecast to surpass $100 billion by 2029. philstar.com
• By 2025, AI systems will be so sophisticated that they not only spot fraud but also predict vulnerabilities which prior are even targeted by criminals. Elite Solution USA
• Italian bank Intesa Sanpaolo's quantum machine learning surpassed traditional fraud detection methods and achieved better accuracy with fewer data features, demonstrating the potential of quantum security in finance. TECH TICH | Technology Blogs, News & Product Reviews
• The 2025 holiday period will challenge existing fraud prevention and bot management programs across every layer of the eCommerce ecosystem. Security Boulevard
• The largest and most diverse source of fraud-risk data in the UK that enables organizations to share and access real-time data, identity fraud is the most frequently reported fraud type and is a persistent threat to UK consumers. FinExtra
• Coinflow is redefining the payments category by delivering something no other provider can: instant global payments and payouts without the fear of fraud or chargebacks. FinExtra
• Mastercard Threat Intelligence bridges communication gaps, enabling fraud and security teams to work together seamlessly to stop fraud before it happens. FinExtra
• In the coming years, AI-driven cyber-attacks, including hyper-personalised spear phishing, deepfake-enabled fraud, and automated social engineering, are expected to witness a significant uptick. ET Edge Insights
• With fraud and reputational risk rising sharply, banks and credit unions must act now to align with recognized Canadian digital trust standards or risk falling behind global and domestic expectations. BiometricUpdate.com
• Canada's financial services landscape is under growing pressure to change how it approaches digital identity - not because it already has, but because escalating fraud risks and heightened customer expectations now demand it. BiometricUpdate.com
• BFSI (Banking, Financial Services, and Insurance) accounts for 15% (USD 2.5 billion), leveraging edge AI for fraud detection and real-time risk analytics. Cision PR Newswire

Last updated: 25 November 2025