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

• [New] The 13% drop in enrolment from 22.1 million people in 2025 to 19.2 million in 2026 could be attributed to a federal crackdown on fraudulent or phantom enrolment. ABC News
• [New] Cybercriminals are targeting the 2026 FIFA World Cup with phishing, fraud, DDoS attacks, ticket scams, and other cyber threats across host cities in the United States, Canada, and Mexico. Tech Startups - Tech News, Tech Trends & Startup Fundin
• [New] AI-enabled tools are already expanding from R&D into day-to-day decision-making and execution across organizations, including risk, fraud, marketing, documentation, customer service, hedging, prospecting and AML/BSA compliance. J.P. MORGAN
• [New] Across the 2020s, DWP spending on combatting fraud and error is forecast to rise from £150 million in 2020-21 to £940 million in 2029-30. GOV.UK
• [New] EVM, announced in 2023 for implementation in 2026, increased DWP's legislative power to check claimant eligibility against capital rules with banks, and is expected to reduce fraud and error by £0.3 billion in 2030-31. GOV.UK
• [New] Threat actors could potentially exploit the disclosed personal information to conduct identity theft, account takeover attacks, financial fraud, social engineering campaigns, SIM-swapping attacks, and other forms of cyber-enabled crime. CYFIRMA
• [New] North Carolina warns of a multi-state fraud scheme targeting workers' compensation claimants and other injured workers through impersonation of judicial officials, government employees, attorneys, and workers' compensation professionals. First Consulting
• [New] Generative AI could drive annual bank fraud losses to as much as $40 billion by 2027 - more than triple 2023 levels. The Ohio Society of CPAs
• [New] By year-end 2026, Bank of America will conduct 2,500 in-person scam and fraud prevention seminars reaching tens of thousands of consumers across the U.S. Bank of America
• [New] With fraud becoming an increasing area of focus for the Financial Action Task Force, which the UK will hold the Presidency of from July, the UK government is clearly starting to take the threat of fraud more seriously. Spotlight on Corruption
• [New] Visa will deliver the underlying global network, payment tokenization, authorization, agent identification, and fraud monitoring infrastructure to support AI-initiated transactions. Practical Ecommerce
• [New] Infosys will integrate X-Sight's key solutions for anti-money laundering and fraud to provide DNB with a holistic view of customer risk visibility and improve detection of complex and evolving financial crime patterns. Dwealth.news
• [New] Supply chain disruption and resilience: From geopolitical instability to cybersecurity threats and cargo fraud, supply chain disruption remains elevated in 2026. Worldwide Express
• [New] Multimodal AI fraud detection - combining text, images, audio, and video analysis - could generate savings of 20-40% in fraudulent claim costs, depending on implementation sophistication. Decerto

Last updated: 30 June 2026