The Federal Trade Commission (FTC) released data revealing that consumers lost over $10 billion to fraud in 2023, at 14% increase from 2022.

Fraud calls around the globe were analyzed in a recent report. According to the report, there were 7.3 billion unwanted calls globally in Q3 2023.

According to a recent report from BioCatch, mobile banking rates increased to 73% in 2023. This rise has also led to a surge in mobile fraud.

According to a survey by Citi, 27% of U.S. adults have fallen victim to a financial scam despite 90% feeling confident that they could detect scams.

A recent Truecaller report found that Americans receive an average of six spam calls a month, with Mississippi receiving the highest number of calls.

The Federal Trade Commission (FTC) has announced plans to better protect consumers from artificial intelligence (AI) voice cloning and fraud.

Generative AI can create efficiencies that will increase productivity, improve internal operations and enhance creativity.
Yet, the evolution of large language models and the use of generative AI can open doors for fraudsters.

A payment security report found that three-fourths of business leaders are more concerned about business payment fraud during the holiday season.

The FTC sent a report to congress in an attempt to extend the Undertaking Spam, Spyware and Fraud Enforcement With Enforcers Beyond Borders Act.

Bot attacks were analyzed in a recent report by Kasada, finding that bot attacks were becoming increasingly difficult to detect by security teams.