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

• [New] Deepfake fraud is poised to become a mainstream cybercrime by 2026, driven by scalable 'fraud-as-a-service' and AI automation. ETCISO
• [New] Deepfake fraud is set to move from isolated headline-grabbing incidents to a mainstream, monetised cybercrime vector by 2026, and enterprises that do not prepare now will face a sharp rise in financial loss, reputational damage, and regulatory exposure. ETCISO
• [New] The new face of deepfake fraud By 2026, deepfakes will be embedded in everyday fraud rather than appearing as rare, spectacular attacks. ETCISO
• [New] How attackers will evolve in 2026 The next wave of deepfake fraud will combine three trends: realism, automation, and orchestration. ETCISO
• [New] By 2026, AI-driven fraud will increasingly use multi-profile browsers, emulators, and coordinated bots to appear as legitimate users at scale. ETCISO
• [New] Artificial intelligence will drive more sophisticated fraud in 2026. Business Plus
• [New] The latest wave of the bank's Reflecting Ireland research series, carried out by Core Research, found that 68% of respondents agree AI development will lead to more advanced fraud in 2026, up from 62% a year ago. Business Plus
• [New] Broader concerns about financial crime are increasing, with 69% now expecting financial fraud to become more sophisticated in 2026, compared with 65% in 2024. / Ireland Business Plus
• [New] In 2026, financial institutions will accelerate adoption of cloud-native, AI-driven AML and fraud solutions that can surface complex patterns. Morningstar, Inc.
• [New] The FCA says if card providers raise their single and cumulative limits to £150 and £450 respectively, as a worst-case scenario fraud could increase by 131% over the next three years. / UK The Guardian
• [New] CBP plans to replace ESTA, which has been prone to fraud of all sorts, with a mobile app to make it easier to collect identity data, geolocation, social media history and device information from foreign visitors to the U.S. BiometricUpdate.com
• [New] As online giving in the UK rises heading into the festive period, Hiscox is warning that cyber threats are increasing alongside donations, exposing both donors and charities to fraud risk. Insurance Business
• [New] In 2025, advanced analytics and AI are increasingly embedded into e-invoicing platforms, allowing businesses to identify errors, fraud risks, and cash-flow opportunities in real time. Innovate Tax
• [New] Fraud will increase due to agentic commerce. GeekWire
• LastPass failed to protect encrypted vault data and related user information adequately, ultimately exposing roughly 1.6 million UK users to heightened fraud and credential-stuffing risk when attackers compromised a developer account and later siphoned off backups. Tech Startups - Tech News, Tech Trends & Startup Fundin
• Potential fraud losses for financial services institutions in the U.S. alone could reach $40 billion USD by 2027, highlighting why financial services are racing to strengthen their defences. Cybercrime Magazine
• Banks in Singapore responded to rising threats by introducing a 24-hour cooling period for first-time fund transfers to reduce the likelihood of rapid fraudulent withdrawals. Fintech Singapore
• We expect the SEC to continue to focus on AI, particularly on AI-washing - hyperbolic or inaccurate AI disclosures - which may lead to fraud claims under the federal securities laws. Debevoise
• Rising national fraud losses and major breaches - like the AT&T data leak affecting 86 million accounts - underscore increasing risks for U.S. consumers. LiveNOW from FOX
• The Priorities address Regulation S-ID, emphasizing that the SEC will assess whether firms have a written Identity Theft Prevention Program that reasonably identifies and detects red flags, especially around account takeovers and fraudulent transfers, and firm training on identity theft prevention. National Law Review
• In 2025, we can expect more businesses to adopt robust fraud prevention systems that safeguard loyalty points like financial assets, reducing vulnerabilities and protecting both customer trust and program value. PT Aksi Visitama
• The FBI is warning of a sharp rise in account takeover fraud, in which threat actors impersonate bank support teams to trick victims into handing over credentials or approving transfers, resulting in $262 million stolen so far in 2025. NetworkTigers News
• Interpol's General Assembly has issued a resolution addressing the growing threat of transnational scam centers, criminal hubs linked to large-scale fraud, human trafficking and abuse, including schemes such as voice phishing, romance scams, investment fraud and cryptocurrency scams. Crypto Briefing

Last updated: 23 December 2025