6 Fraud Trends Reshaping Risk in 2025

6 Fraud Trends Reshaping Risk in 2025

As technology—especially AI—becomes more widespread, fraud and financial crime are evolving just as rapidly. So, what are the key threats shaping the risk landscape in 2025?

This graphic, created in partnership with Inigo Insurance, highlights six major fraud trends to watch in the year ahead.

1. The Social Engineering Threat

Criminals are bypassing technical barriers by targeting people directly. Social engineering, which is a form of manipulation where fraudsters trick people into giving up confidential information, now accounts for 23% of banking fraud. This highlights the need for better awareness and training.

2. Misuse of Artificial Intelligence

AI is fueling a new wave of fraud as it enables perpetrators to orchestrate more sophisticated scams. Over 40% of attempts now use tools like deepfakes, phishing, and forged documents to deceive victims and systems alike.

3. Abuse of Identity

Stolen personal data is being exploited to open or misuse credit accounts, making identity theft a persistent and growing challenge for financial institutions.

4. Exploiting Faster Payments

Real-time payments and automation make it easier for fraudsters to spread fake content quickly—posing a $91 billion risk by 2028 if left unchecked.

5. Re-Emergence of Low-Fi Fraud

As regulators crack down on high-tech schemes, fraudsters are reviving old-school methods like check fraud that can still slip through the cracks.

6. Increasing Cyberattacks on Financial Institutions

Cyberattacks—often backed by foreign actors—are becoming more severe, as seen in major incidents like the $1.5 billion crypto theft from Bybit. As geopolitical tensions escalate around the world, this threat is one to watch in 2025.

Risks on the Horizon

As financial crime grows more sophisticated—combining emerging technologies with old-school scams—the need for a dynamic, up-to-date approach has never been greater. Inigo’s experts bring the data-driven insights needed to uncover hidden risks and help organizations stay one step ahead in an ever-shifting fraud landscape.

Visit Inigo for a data-driven view of risk.