Mitek and Datos Insights released research on synthetic identity fraud drawing on survey data from North American fraud executives and interviews.
What happened
- The research reports 84% of fraud executives identify synthetic identity fraud as a high or moderate risk to application processes.
- The research reports U.S. unsecured credit losses of about $2.94 billion in 2025, up from $1.8 billion in 2020.
- The research reports 40% of financial institutions already observe increased attack rates tied to AI.
Why it matters to Signicat
- Vendor-commissioned research with hard numbers on synthetic identity risk at enrollment is relevant to Signicat's document verification and fraud positioning; the sample is 114 executives, weighted to North America in the survey description.
- The release targets US financial institutions and check and deposit fraud, a market segment where Signicat has limited stated presence; this is an assessment from the press release scope.
Evidence from the source (5 quotes)
- “with 84% of fraud executives identifying it as a high or moderate risk to application processes.” source ↗
- “U.S. unsecured credit losses reaching \~$2.94 billion in 2025, up from $1.8 billion in 2020.” source ↗
- “with 40% of financial institutions already observing increased attack rates tied to AI” source ↗
- “including responses from 114 fraud executives across North America, Europe, Latin America, the Middle East, and Asia-Pacific” source ↗
- “across credit, deposit, and check fraud channels” source ↗
Fraud deepfake injectionDocument IDV biometricsResearch reportThought leadershipGlobal
4 of 4 facts verified against the source · confidence medium · claude-haiku-5-5