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

• [New] Cybersecurity Threats Global markets face risks of hacking, data breaches, and fraud. TradingView
• [New] OneCard has issued a warning about 'WhatsApp Screen Mirroring Fraud,' where scammers trick users into sharing their screens, gaining access to sensitive data like OTPs and bank details. The Economic Times
• [New] Supply chain fraud is projected to exceed $6 billion globally in 2025, with insider threats affecting one-third of organizations. Ainvest
• [New] Revolut will tap Google's AI and machine learning tools, including Gemini models, to improve fraud detection, and create more relevant product offerings for its customers worldwide. FinExtra
• [New] Singapore has ordered Meta to tighten its grip on scams, warning that Facebook could face million-dollar fines if fraudulent accounts and impersonation ads continue unchecked. Fintech Singapore
• [New] As AI-driven threats increase across the APAC region, so do enterprise fraud management technologies. Forrester
• [New] The UK's Economic Crime and Corporate Transparency Act is reshaping how companies manage corporate data, financial reporting, and fraud risk. Supervizor
• [New] AI-driven phishing & deep fake fraud are the top threats in 2025. TechNow
• [New] Global cybersecurity expenditures are projected to reach $212 billion in 2025, driven by the need to counter ransomware, deepfake fraud, and supply chain attacks. Ainvest
• [New] 93% of financial organizations reported plans to invest in ongoing fraud prevention measures in 2025, with 64% planning to implement an identity risk solution. FinExtra
• [New] While AI-powered fraud grabs headlines, traditional identity fraud remains a persistent threat in 2025. Zyphe Inc.
• Mastercard and Alloy Launch Enhanced Identity and Fraud Prevention Solution to Streamline Onboarding The new Mastercard Alloy joint onboarding solution will leverage identity verification and open finance to streamline the end-to-end onboarding process while combatting fraud. Cision PR Newswire
• The Financial Conduct Authority has warned of a sharp increase in impersonation scams after receiving nearly 5,000 reports in the first half of 2025, underscoring the growing financial and insurance risks posed by fraud. Insurance Business
• As India accelerates its digital onboarding of financial customers, it faces an invisible threat - synthetic identity fraud powered by deepfakes. SME Street
• Over 3.6 million Suspicious Activity Reports filed in 2024.Payment fraud losses in the U.S. are projected to hit $12.5 billion in 2025. Credit Card Processing and Merchant Account

Last updated: 09 September 2025