Small business owners business owners have a generally positive attitude toward AI-based fraud protection at 69%.

Tax scams were up by 340% in 2024.

Over 40% of malware detected in 2024 was newly observed.

40% of small business owners have experienced AI-driven fraud personally.

74% of small business owners are more likely to reduce their banking engagement, such as credit card use or bank use, if defrauded.

50% of small business owners owners report that their financial institutions use AI-powered fraud detection tools.

Small business owners reported a higher ability to fully recover from fraud (83%) compared to non-owners (74%).

Only 16% of small business owners feel extremely prepared against fraud.

85% of small business owners said they are extremely, very, or moderately concerned about rising AI-driven fraud.

85% of small business owners report satisfaction with their bank or credit union’s response to fraud.

Legitimate file abuse was up 575% in 2024.

Nearly half of the newly observed malware was classified as Remote Access Trojans (RATs).

Microsoft spoofing spiked 156% in 2024.

37% of small business ownershave had checks stolen from mailboxes, indicating check fraud is a challenge.

More than 57% of small business owners (SBOs) have experienced fraud.

Cofense Phishing Defense Center (PDC) tracked one malicious email every 42 seconds in 2024. Many of these were part of polymorphic phishing attacks.

Email-based BEC attacks surged 70% year-over-year.

Cofense Phishing Defense Center (PDC) tracked one malicious email every 42 seconds in 2024. Many of these were part of polymorphic phishing attacks.

Global Financial Services firms saw an 18% uplift in automated bot attacks.

In North America, only 8% of respondents report security is “always” a factor in purchasing decisions.