Signicat blog: 70% of surveyed banks report rising identity fraud
AI in banking: stop AI-generated identity fraud ↗
What happened
- Signicat's blog cites its own study of 900 companies across regulated sectors, including banks.
- The post reports that 70% of surveyed banks saw an increase in identity fraud attempts over the past year.
- The post reports that 73% of banking institutions believe AI is being used against them by criminal networks.
Why it matters to Signicat
- The post uses Signicat-owned survey figures to frame demand for layered IDV and continuous assurance, which map to Signicat's product lines.
- The content is a marketing-led thought-leadership piece on banking fraud, with no product launch or customer named.
Evidence from the source (5 quotes)
- “Signicat's recent study of 900 companies across regulated sectors, including a specific panel of banking institutions” source ↗
- “70% of the banks surveyed report an increase in identity fraud attempts over the past year” source ↗
- “73% of banking institutions believe AI is actively being used against them by criminal networks” source ↗
- “Continuous assurance is the ongoing monitoring of user behaviour and device data after the initial login to detect anomalies indicative of fraud.” source ↗
- “Financial organisations must adapt their defences quickly to prevent substantial financial losses and maintain customer trust.” source ↗
Fraud deepfake injectionDocument IDV biometricsAuthentication passwordlessThought leadershipResearch reportGlobal
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