Mobile banking, instant payments, and online account opening have revolutionized the way people interact with their FIs. However, this digital evolution has also carved out new avenues for sophisticated fraud attacks. As technology advances, fraudsters adapt and evolve their methods; adaptive strategies and innovative technologies are critical to maintaining the integrity of financial systems in the digital age.
This report presents the findings of a Datos Insights survey of fraud prevention leaders at 75 U.S. FIs, complemented by multiple interviews. It covers current fraud prevention practices and strategies, emerging fraud trends, investment priorities, and perspectives on the use of artificial intelligence in fraud perpetration and prevention.
Clients of Datos Insights’ Fraud & AML service can download this report.
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