First-Party Fraud Surpasses Scams to Become the Leading Form of Global Attacks

Customers Are Enacting More Fraud Than Scammers – Cybercrime Report

LexisNexis® Risk Solutions latest Cybercrime Report shows a significant swing in the composition of global fraud attacks, with first-party fraud now the leading type in the UK, representing more than half (51%) of all reported fraud in 2024. The report is an analysis of over 104 billion global transactions in the LexisNexis® Digital Identity Network® platform over the past 12 months.

Association Update: New Fraud Summit in June to Address Evolving Threats - Wisconsin Bankers Association

By Daryll Lund Fraud in the financial services industry is constantly evolving, becoming more sophisticated and harder to detect. As fraud risks continue to grow, Wisconsin banks have made it clear that they need more tools, insights, and strategies to stay ahead. In response to these concerns, the Wisconsin Bankers Association (WBA) is introducing a new, one-day Fraud Summit on June 3, 2025, where banking professionals will gather to tackle fra…

With the Economy Going Down, 'Friendly' Fraud is Up

LexisNexis Risk Solutions has released its annual cybercrime report, dubbing it “The Calm Before the Storm?” with the ominous question mark and all. The storm in this case being an impending AI-powered fraud assault. According to their report, first-party fraud is now the most popular type of fraud globally, accounting for more than a third (36%) of all reported fraud in 2024, an increase of more than double from 15% in 2023. First-party fraud i…

First-Party Fraud Rockets In 2024, Despite Overall Fraud Rates Flattening, LexisNexis Says - Digital Transactions

First-party fraud, also known as “friendly fraud,” accounted for 36% of all fraud globally in 2024, up from 15% the previous year, says LexisNexis Risk Solutions’ Cybercrime report. First-party fraud occurs when a consumer disputes a legitimate credit card transaction, claims he never received the order, or misrepresents personal information on loan or card applications. LexisNexis Risk Solutions analyzed more than 104 billion global transaction…

The new 2025 Cybercrime Report from LexisNexis Risk Solutions reveals a fundamental shift in global fraud: For the first time, first-party fraud dominates global attack types. Based on the analysis of more than 104 billion digital transactions in 2024 on the LexisNexis Digital Identity Network platform, a massive increase in this form of fraud was identified. The article "Cybercrime Report 2025: First-Party Fraud Overtakes Scams as the Most Comm…

First-party fraud now the leading form of attack

There’s been a significant swing in the composition of global fraud attacks, with first-party fraud now the leading type globally, representing a third (36%) of all reported fraud in 2024, up from 15% the year before. This is among the findings from the new LexisNexis Risk Solutions annual cybercrime report, titled The Calm Before the Storm, which analysed over 104-billion global transactions in the LexisNexis Digital Identity Network platform d…