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

• [New] By application, AML dominated with 49.29% share in 2025; fraud and cyber-crime detection is the fastest growing at 13.71% through 2031. Mordor Intelligence
• [New] Shufti's new research reveals a rapid surge in deepfake AI-powered identity fraud which is projected to increase by 495% by the end of 2026, fuelled by document deepfakes and synthetic identities. Identity Week
• [New] Generative-AI-enabled fraud in the United States will climb from 12.3 billion dollars in 2023 to 40 billion by 2027. ebuildersecurity
• [New] By 2026, 30% of enterprises will no longer view standalone identity verification checks as reliable in isolation, and Deloitte estimates that generative AI could drive total fraud losses in the U.S. $40 billion by 2027. Identity Week
• [New] Among Nigerian fintechs, 87.5% already use AI for fraud detection, 62.5% run AI-driven customer service chatbots, and around 37.5% apply AI to credit scoring, risk modeling, and identity verification during onboarding. Wise Hustlers
• Deloitte projects US losses from AI-enabled fraud reaching $40 billion a year by 2027. Brightside AI
• 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
• 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
• 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
• 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
• Bank of America has heavily invested in its fraud prevention technology to combat future risks for clients. Bank of America
• 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
• AI-driven candidate fraud is now an explicit factor reshaping how RPO contracts and reporting get structured going into 2027. Recruiterflow Blog

Last updated: 25 August 2026