Among organisations with over 10,000 employees, 20% have an annual direct and indirect identity fraud cost of over $50 million.

58% of respondents said that they are concerned that stricter fraud controls will frustrate consumers.

Compared to those investing at an average level, high investors into IDV solutions are 2.7x more likely to believe they have a competitive advantage.

69% of organisations reported increased fraud attempts.

51% of respondents said fraud is more common when using username and password alone.

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 say they maintain communication with customers about potential threats.

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.

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