Intelligence Report | November 2026 - Flipbook - Page 5
victims. “Fraud is pretty rampant,” says Stephanie Kalahurka, a partner at
the law firm Fenimore Kay Harrison. “With all the ways we’ve made banking more convenient, we have also created more points for fraud. Criminals
The Hardest Hitting
Fraud Schemes
have different tools in their toolbox, depending on whether the fraud is
against a consumer or commercial account.”
As of August 2025, depository institutions had filed more than 1 million suspicious activity reports (SARs) this year related to fraud, according
What portion of total dollar
losses from fraud at your bank
are attributable to the following
fraud types?
to the Financial Crimes Enforcement Network. In 2024, roughly 75% of
the SARs filed mentioned fraud as a red flag.
Fraud results in losses that extend beyond the bottom line. LexisNexis
Percentages are an average of
survey responses.
calculates that the U.S. financial services industry loses $5.75 for every
$1 lost to fraud. This figure includes the indirect impact of fraud, such as
3%
costs tied to operations, compliance and customer trust. If a customer isn’t
2%
