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

• [New] Deloitte projects US losses from AI-enabled fraud reaching $40 billion a year by 2027. Brightside AI
• [New] The National Payments Corporation of India recorded 185.8 billion UPI transactions in FY2024 - 25, a 41.7% year-on-year increase, each of which requires real-time fraud scoring, illustrating the scale of the volume-driven opportunity. Persistence Market Research
• [New] The OECD (2026) reports a sharp increase in the share of jurisdictions whose authorities cite fraud and scams as one of the top three operating environment risks, and in 2025 fraud became the number one concern after ranking second in 2022. CGAP
• [New] Because fraud remains a principal predicate offense for money laundering, financial institutions can expect greater reliance on BSA reporting, transaction monitoring, and financial intelligence to identify, trace, and recover criminal proceeds. Gibson Dunn
• [New] The Centers for Medicare & Medicaid Services in May announced a six-month national moratorium on hospice provider enrolment in Medicare and increased oversight in California and several other states with elevated fraud risk: Arizona, Georgia, Nevada, Ohio, and Texas. KFF Health News
• [New] Bank of America has heavily invested in its fraud prevention technology to combat future risks for clients. Bank of America
• [New] Instant payment rails are compressing fraud detection windows to seconds; the European Banking Authority has warned that fraud risk in instant payment environments is ten times higher than in traditional transfer channels. Alessa
• [New] AI-driven candidate fraud is now an explicit factor reshaping how RPO contracts and reporting get structured going into 2027. Recruiterflow Blog
• [New] Victims are lured with fraudulent job offers, then trafficked to scam compounds across Southeast Asia, where they are forced to run romance and investment scams under the threat of violence. Fintech Singapore
• Fastest Growing Region: Asia Pacific is projected to reach the fastest CAGR of over 16% by 2033, catalyzed by India's UPI fraud surge, China's digital payment scale, and rapid regulatory tightening across Southeast Asian economies. Persistence Market Research
• Key deepfake statistics for 2026: deepfake files grew from roughly 500,000 in 2023 to a projected 8 million in 2025, a deepfake fraud attempt occurred every five minutes in 2024, and only 0.1% of people can reliably tell AI-generated media from real. Deepfake Detector
• 56% of merchants are now using GenAI-powered fraud detection tools, with adoption expected to grow significantly, per Visa research. SQ Magazine
• In response, regulators have increasingly adopted mandatory SIM registration laws as a response to modern fraud risks. CGAP
• Multiple forces are shaping how fraud emerges and spreads, making the interconnections between fraud, cyberattacks, and other DFS consumer risks increasingly complex. CGAP

Last updated: 11 August 2026