Topics: Business enterprise, General

42.5% of fraud attempts are now AI-driven: Financial Institutions rushing to strengthen defences

42.5% of fraud attempts are now AI-driven: Financial Institutions rushing to strengthen defences

London, 8th of October 2024 – As cybercriminals increasingly turn to artificial intelligence to execute complex fraud schemes, the financial sector finds itself in a high-stakes battle to protect its customers and assets. New data from the 2024 report Battle Against AI-Driven Identity Fraud by Signicat reveals that AI-driven fraud now constitutes 42.5% of all detected fraud attempts in the financi

Total Economic Impact™ Study of Signicat finds 303% ROI and 75% reduced fraud cost

Total Economic Impact™ Study of Signicat finds 303% ROI and 75% reduced fraud cost

SIGNICAT, October 13th, 2023 — Signicat, the pan-European leader in Digital Identity, today released a study commissioned from Forrester Consulting on the Total Economic Impact™ (TEI) of Signicat. The study examines the significant benefits of Signicat's solutions for businesses, covering both quantifiable and qualitative advantages.

Through customer interviews and financial analysis, the F

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