Fraudsters are leveraging generative AI, deepfakes, and automation to launch hyper-personalised scams at scale. From impersonating CEOs to crafting flawless phishing emails, AI is lowering the barrier to entry and making fraud harder to detect than ever before.

Malware remains a core enabler of financial fraud in EMEA. Remote Access Trojans (RATs), fileless malware, and banking trojans are being used to hijack devices, intercept transactions, and steal credentials in real time. These tools are increasingly distributed through legitimate-looking apps, creating a scalable malware ecosystem that allows fraudsters to operate across borders and platforms with minimal detection.

Real-time payments are being exploited by criminals to move money faster than banks can respond. Fraud rates in instant transfers are up to 10x higher than standard credit transfers, creating new challenges for financial institutions.

ATO attacks are surging, fueled by over 10 million stolen credentials from EMEA firms being resold online. Fraudsters use phishing, credential stuffing, and SIM swapping to gain unauthorized access to banking and e-commerce accounts, bypassing authentication and initiating downstream fraud. ATO is now a major driver of card-not-present and remote purchase fraud.