LexisNexis® Risk Solutions released its annual Cybercrime Report on May 13, 2025, analyzing over 104 billion global transactions in 2024. The report, titled 'The Calm Before the Storm?', revealed a significant shift in global fraud patterns, with first-party fraud becoming the leading type.
First-party fraud represented 36% of all reported fraud in 2024, a substantial increase from 15% the previous year. This type of fraud includes misrepresenting information for financial gain, such as false loan applications or claiming fraudulent credit card purchases.
Account takeover (ATO) fraud accounted for 27% of global reported fraud, while scams, including authorized push payment (APP) fraud, represented 11% of cases. The report also found that 11% of password reset attempts in 2024 were fraud attacks, rising to 27% for attempts initiated on a desktop computer.
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