52% of IT, cybersecurity, risk, and fraud leaders are definitely rethinking identity and access management strategies to address AI-driven identity threats.

27% of organizations in the financial services industry spend greater than 15% of their annual budget on fraud prevention.

20% of organizations reported that they have offloaded some IT/security workloads to AI.

90% of organizations experienced incidents caused by employee mistakes.

97% of cybersecurity leaders feel the need for increased budget allocations to bolster the security of the human element.

Incidents relating to the human element surged by 90%.

62.5% of small businesses that suffered a breach reported a total financial impact of more than $250,000 in 2025.

36.7% of victims among breached small businesses faced costs exceeding $500,000.

82% of organizations in the financial services industry stated they have increased their investment in AI-driven fraud prevention technologies.

84% of decision-makers in the financial services industry reported that fraud prevention has resulted in higher rates of customer satisfaction.

81% of small businesses reported suffering a security breach, a data breach, or both in the past year.

22% of financial services industry organizations reported losing over $5 million in direct fraud losses in the past year.

36% of fraud events in the financial services industry were attributed to organized fraud rings, while 29% were attributed to customers intentionally stealing money.

Fraud in mobile banking rose by 7% year over year, while fraud in online banking dropped by 16%.

67% of senior-level fraud decision-makers in the financial services industry in the U.S. reported that fraud events continue to rise.

91% of decision-makers in the financial services industry reported that more financial crimes are being committed with AI technology.

40% of IT, cybersecurity, risk, and fraud leaders believe their current defenses against AI-driven identity attacks are definitely adequate.

More than 80% of IT, cybersecurity, risk, and fraud leaders rely on phone and video to confirm identities.

37% of organizations reported that AI-driven attacks forced them to adjust their security approach over the past year.

28% of organizations reported that cybersecurity AI tools improved their detection and response capabilities.