59% of financial professionals cite SMS and phishing scams powered by AI to deceive victims.

Nine in ten banks are already using AI to detect fraud.

70% of organizations say integrating AI tools with legacy systems is difficult, which is up from last year.

Among organizations using AI in the SOC, 57% report faster alert resolution.

56% of financial professionals cite social engineering as a significant tactic powered by AI.

Two-thirds of banks have integrated AI within the past two years.

89% of banks prioritise explainability and transparency in their AI systems.

52% warn that without pre-emptive AI, attackers will operate at unprecedented speed and scale, evading traditional tools.

56% of organizations say that AI improved Prioritisation of threats.

Insider attacks are up (53% compared to 45% in 2024).

90% of financial institutions are combating emerging fraud with AI-powered solutions.

Only 8% of financial institutions noted that they do not see GenAI being used by criminals.

Among organizations using AI in the SOC, 50% cite better real-time threat detection.

AI is used for scam detection by 50% of financial institutions.

87% of banks cite data management as their biggest hurdle in AI implementation.

58% of organizations use AI in the Security Operations Centre (SOC).

Among organizations using AI in the SOC, 55% say AI frees up analyst bandwidth.

92% of the financial institutions surveyed indicate that fraudsters use generative AI.

Forty-three percent (43%) of financial professionals report increased efficiency within fraud teams due to AI

43% of organizations say that AI improved Threat analysis speed.