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

• [New] 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
• [New] 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
• [New] 56% of merchants are now using GenAI-powered fraud detection tools, with adoption expected to grow significantly, per Visa research. SQ Magazine
• [New] In response, regulators have increasingly adopted mandatory SIM registration laws as a response to modern fraud risks. CGAP
• [New] Multiple forces are shaping how fraud emerges and spreads, making the interconnections between fraud, cyberattacks, and other DFS consumer risks increasingly complex. CGAP
• [New] Stronger US crypto regulation brings several benefits, including improved custody practices, reduced fraud risks, increased transparency, enhanced exchange-level disclosures, and greater institutional adoption. Bitcoin Foundation
• Generative AI could drive US fraud losses from $12.3 billion in 2023 to $40 billion by 2027 - a 32% compound annual growth rate. EyeSift
• By 2026, AI-powered triage, fraud detection, and decision support will be standard across end-to-end claims processing. BLK Assistance
• By embedding modern fraud defences directly into the payments workflow, ISVs can protect merchants while maintaining the seamless, high-conversion experience today's buyers expect - a balance that will increasingly define competitive differentiation in 2026. Parking & Mobility
• Blockchain could save insurers $10 billion annually by reducing fraud, streamlining processes, and cutting administrative costs. Essential Designs
• More online fraud, 75% saw more AI-enabled attacks, and 78% expected the threat to grow during the year. Memeburn
• $40 billion: projected US fraud losses enabled by generative AI by 2027, up from $12.3 billion in 2023, a 32% compound annual growth rate. Deepfake Detector
• Generative AI could drive US fraud losses to $40 billion by 2027 (conservative scenario: $22 billion). Deepfake Detector
• AI now assists more than 60% of core insurance processes - the figure projected by the Swiss Re Institute - including everything from intelligent document intake to automated adjudication and fraud detection. CallMissed
• Wisconsinites Concerned: A new Department of Justice opinion and federal fraud warnings are raising concerns that states will restrict Medicaid funding, threatening the autonomy of disabled individuals by risking forced institutionalization and shifting heavy care burdens onto families. sdnetworkwi.org
• Trump will claim fraud wherever his partisan allies lose, and that the pro-Trump ecosystem will back that claim up with manufactured content built on the lies already circulating about noncitizen voting and mail balloting. If you can keep it
• By the end of 2026, a surge in M&A activity will likewise see increased exposure to fraud and cyberattacks, with phishing, social engineering, and payment diversion spiking during deal transitions. Annual Conference
• Announcing a series of data findings live from the showroom floor at Money20 / 20 Europe in Amsterdam, AI-powered transaction risk platform Fraudio revealed that average payment fraud rates have jumped by approximately 25%. The Fintech Times
• Cyber Safety solutions like Norton 360 are designed to complement individual caution by spotting threats across the channels where scams most commonly appear: suspicious links, phishing emails, malicious websites, and fraudulent communications. Norton
• 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
• 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

Last updated: 28 July 2026