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

AI is used for transaction fraud detection by 39% of financial institutions.

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

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

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

AI is used for anti-money laundering efforts by 30% of financial institutions.

51% of organizations say that AI improved SOC team efficiency.

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

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

43% of organizations use AI to anticipate and prevent attacks.

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

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

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

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

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

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

Only 11% of SMBs have adopted AI-powered defenses. This is also stated as only 11% of SMBs currently using AI-powered security.

28% of global technology executives say expectations within their organization of what AI can do are growing faster than their ability to meet them

AI-based tools for sale in the cybercriminal underground were found for as little as 30 cents USD

79% of global technology leaders believe the focus on AI has raised their profile at the board level. This is up from 60% in 2024