There was a 1,033% surge in utility account fraud over the past year.

Identity fraud costs organisations an average of $7 million annually.

There was a 46% rise in personal document theft leading to identity theft in 2024

74% of organizations plan on increasing their investments in IDV solutions in the future.

70% of Indonesians stated they would view their bank more positively if it intervened in real time to prevent a suspected scam payment

More than half (56%) of consumers in Indonesia identified having better fraud detection systems as the most important action banks can take to protect them from scams.

More than half of bank CEOs, senior executives and directors focus on staff education and training to combat fraud.

69% of bank CEOs, senior executives and directors said fraud was a top risk for their institution.

More than half of bank CEOs, senior executives and directors say they maintain communication with customers about potential threats.

Menlo Security identified nearly 600 incidents of GenAI fraud in 2024.