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.

Compared to those investing at an average level, high investors into IDV solutions are 1.6x more likely to report a positive impact on their brand

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

Compared to those investing at an average level, high investors into IDV solutions are 1.7x more likely to have significantly reduced identity fraud.

There was an almost 500% increase in student loan scams over the past year.

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.

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

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 focus on staff education and training to combat fraud.

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.