Fraudsters were about four times more likely to use stolen identities instead of synthetic identities.

At least 1 in 4 fraud attempts targeted more than one government agency at once.

Small business owners reported using specific methods to stay ahead of threats: multi-factor authentication (44%), transaction notifications (39%), and fraud alert services from credit bureaus (39%)

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

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

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

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

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.

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

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

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

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

Account takeover (ATO) fraud represents a further 27% of global reported fraud. This is down by ~2% year on year.

The attack rate on Communication, Mobile and Media (CMM) companies increased by 15% year on year.

Scams, including authorized push payment (APP) fraud, represent 11% of cases. This is down from 16% of cases in 2023.

EMEA continues to see the lowest regional attack rate globally at 0.6% of transactions, according to the LexisNexis® Identity Abuse Index.

APAC's attack rate grew significantly by 37% through 2024. It now stands at 1.5% of all transactions in the region

First-party fraud is now the leading type globally, representing a third (36%) of all reported fraud in 2024. This is a significant increase for first-party fraud, which was up from 15% the year before (in 2023).

There were more than three billion brute-force automated account takeover attacks detected last year alone.