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ABA: The American Bankers Association
Industry Insight

2024 Fraud Insights Report

  • Brought to you by NICE Actimize
  • Published October 29, 2024

The 2024 NICE Actimize Fraud Insights report explores industry-wide fraud trends, highlighting what poses the most risk for your financial institution and customers. Unlock critical insights with this comprehensive analysis, developed by data scientists and fraud experts using NICE Actimize’s collective intelligence.

What’s Inside

  • Increased Fraud Attempts: Fraud attempt volumes rose year-over-year
  • Enhanced Controls in Action: Stronger fraud prevention measures have led to a decline in P2P fraud by volume
  • Rising Threats: Authorized fraud is surging, with romance and investment scams skyrocketing by value, respectively
  • Impactful Regulation: Anecdotal evidence shows new UK regulation has caused fraudsters to resort to slower payment types
  • Persistent Check Fraud: Fraudsters are adapting, using established accounts to bypass controls on new accounts

Read the industry insight

In Depth

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