Global Consumer-Driven Fraud Surges in 2024: Report

Global Consumer-Driven Fraud Surges in 2024: Report

First-party fraud accounted for 36 percent of all fraud in 2024, up sharply from 15 percent in 2023. To continue reading... Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Information below to view our subscription packa…

AI-powered cybercrime surge looms as first-party fraud hits 51% in the UK

A new cybercrime report by LexisNexis Risk Solutions has revealed a striking transformation in the UK’s fraud landscape, with first-party fraud now accounting for more than half (51%) of all reported incidents in 2024. The data, derived from over 104bn global transactions analysed via the LexisNexis Digital Identity Network, marks a dramatic rise in fraud conducted by customers themselves rather than external scammers. First-party fraud encompas…

First-party fraud now top global threat, outpacing scams

First-party fraud now tops global cyberattacks, rising to 36% of cases in 2024, according to LexisNexis Risk Solutions’ Cybercrime Report.