Banks Face a Fraud Spike as Attacks Outpace Legacy Systems

2025 State of Fraud and Financial Crime in the United States

Fraud is moving faster than the systems built to stop it, overwhelming financial institutions that once thought their defenses were strong enough. Unauthorized-party attacks are surging, losses are climbing and trust is slipping. “2025 State of Fraud and Financial Crime in the United States,” a PYMNTS Intelligence report commissioned by Block, shows why the next phase of fraud defense will separate the prepared from the exposed. Download your copy now.

Inside the December Study
  • Unauthorized-party fraud now accounts for the majority of losses, and criminals are exploiting gaps in defenses.
  • Rising fraud sophistication, regulatory pressure and faster payments are rewriting institutional risk.
  • AI, machine learning and advanced behavioral analytics are closing the gap—and some institutions still lag behind.

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    Financial Crimes and Fraud Prevention

    Financial Scams and Consumer Trust