Review the year’s top fraud trends across the US and benchmark your fraud strategies against your peers
AI-driven scams may have dominated the headlines in 2024, but how much of an effect did they actually have on the financial fraud landscape last year? From GenAI to account takeovers and check fraud, we take a closer look at the top fraud trends of 2024.
Alloy surveyed nearly 500 fraud and risk leaders at banks, credit unions, and fintechs across the US to uncover trends in the fraud landscape and learn how different types of organizations are responding to these threats.
Discover the latest technologies organizations use to successfully combat fraud in Alloy’s 2025 State of Fraud Report.
We’ve highlighted five key insights from the report below.
Enterprise banks reported the most fraud growth, with nearly 70% of enterprise banks reporting an increase in fraud over the past twelve months.
Respondents overwhelmingly agreed that financial criminals and/or fraud rings were responsible for most of the attempted fraud events at their organization.
This does not include the indirect costs of fraud, such as money spent on investigating and recovering fraud funds, loss of customers, and reputational damage.
93% of respondents believe that AI will revolutionize fraud detection, and nearly all respondents are already using AI in some form within their fraud controls.
Over a third of respondents cited identity risk solutions as the investment that had the greatest impact on reducing fraud rates. Meanwhile, 64% of respondents reported that they will be looking to invest in an identity risk solution in the next twelve months.
Respondents included nearly 500 decision-makers working at financial institutions in:
Data from the 2025 report was collected in October 2024, and data from the 2024 report was collected in November 2023.
The survey was conducted by The Harris Poll, an American market research and analytics company since 1963.