Looking back at 2024, payments fraud was a major issue in the financial industry. In the annual webinar, experts discussed fraud outlook for 2025. Five major payments fraud possibilities in 2025 are identified:
- Instant payments fraud may rise in 2025 as the channels grow, and a solution for real – time risk insight is crucial.
- Deepfakes will make Authorized Push Payment scams more deceptive, so financial institutions need to detect high – risk transactions.
- Business Email Compromise via ACH is a growing concern, and a cross – channel detection approach is needed.
- Fraud as a Service models may spread scams, and strong fraud prevention programs are essential.
- Check fraud will remain common, and a comprehensive view of its risk is required.
To prepare for 2025, financial institutions should use collective intelligence, machine learning, and consortium insights for fraud prevention.
