Banking Fraud, Scams, and Cybercrime Statistics (2026)

Introduction

Banking Fraud, Scams, and Cybercrime Statistics: In recent years, banking fraud, scams, and cybercrime have become a serious threat to our daily lives. In today’s busy routine, billions of people use mobile banking, cards, and online payments, and the associated risks are also increasing.

Earlier, online fraudsters often relied on cash, cards, or direct bank access. Today, they can steal money through phishing links, scanners, fake messages, cloned websites, OTP, or by taking control of a phone number (SIM). Common tricks include phishing emails, false “KYC update” alerts, identity theft, account takeover, card skimming, and attacks that lock bank systems for ransom. Such crimes affect both customers and banks: customers may lose savings and feel stressed, while banks incur additional costs and lose trust.

This article on Banking Fraud, Scams, and Cybercrime Statistics includes several current analyses and insights that explain the major types of scams, how attackers operate, and simple steps to stay safe.

Editor’s Choice

• By 2025, the cost of cybercrime is projected to reach approximately USD 10.29 trillion, up 11.61% from last year.
• According to Soax.com’s analyses, investment fraud accounted for the largest losses at USD 4,570.27 million, followed by business email compromise (USD 2,946.83 million) and tech support scams (USD 924.51 million).
• Meanwhile, the payment fraud rate rose to 80% in 2023 and then fell slightly to 79% in 2024.
• Globally, approximately 65% of financial organisations were hit by ransomware attacks.
• As of 2024, approximately 64% of Americans reported credit card fraud as the most common issue, followed by data breaches (32%) and account hacking (31%).
• In cyber fraud campaigns, financial brands were most often targeted (39.5%), followed by retail (21.4%) and technology (12.5%).
• Among people aged 60 years and above, there were 101,068 complaints and total losses of USD 3,400 million.
• Phishing and spoofing dominate cybercrime, with APWG reporting 1,003.94 attacks in the first quarter of 2025.
• A BioCatch report, based on data from financial institutions serving nearly 350 million consumers across five continents, found scam attempts rose 65% in the past year.
• By 13 August 2025, estimates indicated that the digital payment fraud market had reached approximately USD 50 billion by the end of 2024.
• From April 14 to 24, 2025, approximately 73% of U.S. adults experienced at least one online scam or attack.
• In the United States, approximately 30% of Americans experienced an online scam in 2025.
• In 2025, credit card fraud is expected to account for approximately 38% of FTC identity-theft complaints, with 323,000 cases reported in the first half of the year.
• 57% of global banks lost more than USD 500,000 to direct fraud, and more than 25% reported losses exceeding USD 1 million.

General Cyber Crime Statistics

• According to brightdefense.com, cybercrime costs are projected to reach approximately USD 10.5 trillion per year by 2025, with annual growth of approximately 15%.
• The WEF projects that it will rank as the world’s 3rd-largest economy; by 2027, it may reach USD 23 trillion, 175% higher than in 2022.
• Meanwhile, the average breach cost decreased from USD 4.88 million (2024) to approximately USD 4.4 million (2025), a 9% decrease.
• Ransom payments increased by 500%, resulting in USD 2 million, and non-recoveries averaged USD 2.73 million.
• Ransomware damages are projected to reach approximately USD 275 billion per year by 2031, and cyber-insurance premiums may reach approximately USD 29 billion by 2027.
• Claims fell 4% for firms under USD 25 million in revenue (approximately 73K each) but rose 23% for USD 25 million to USD 100 million firms (USD 129K).
• Global security spending is forecast at USD 212 billion by 2025, with the cybersecurity market projected at USD 424.97 billion by 2030 (13.8% CAGR) and cryptojacking solutions at USD 64.87 billion by 2033.
• Many SMBs allocate 5%-20% of their IT budgets and spend about USD 2,700 per employee; phishing penalties rose by 144%.
• Meanwhile, the tech sector was targeted for the 7th consecutive year.
• Verizon also reports that median ransom demands equal 1.34% of revenue (for 80% of cases, 0.13%-8.30%).
• Only 4% of complaints involve direct financial loss, and 62% of money-driven breaches involve extortion.

(Source: thesslstore.com)

• The infographic reported that the median ransomware payment had skyrocketed by 500% in 2024.
• Approximately USD 55 billion was stolen through business email compromise scams, both domestic and international, between October 2013 and December 2023.
• Meanwhile, 32% of phishing impersonation attacks in Q4 2024 had leveraged Microsoft’s brand and reputation.
• Cybercrime costs were expected to exceed USD 12 trillion by 2025.
• The North Korean state-linked hacker group TraderTraitor had stolen USD 1.5 billion from Bybit’s cryptocurrency exchange.
• Moreover, passport data averaged USD 600 on the dark web, and 50% of BEC emails were crafted using generative AI.
• 55% of brand impersonation attacks originated from companies’ own brands.

Global Banking Sector Statistics by Rising Fraud, Scams, and Cybercrime Losses

Region / Institution	Fraud / Cybercrime Indicator	Numeric Information
India (Banking Sector)	Total banking fraud losses (2024–2025)	₹36,014 crore
	Year-on-year increase in losses	194%
	Approximate number of reported cases	24,000 cases
India (Public Sector Banks)	Share of total fraud losses	₹25,667 crore
	Share of total losses	71%
State Bank of India (SBI) Jan 1, 2024-Oct 31, 2025	Cyber fraud incidents reported	15,956 cases
	Losses from cyber fraud	₹118.47 crore
India (Other Financial Frauds)	Other financial fraud cases	5,105 cases
	Losses from other financial frauds	₹477.64 crore
	Online banking fraud incidents	6,630 cases
	Losses from online banking fraud	₹62.37 crore
United Kingdom	Total payment fraud losses (2024)	£1.17 billion
	Number of payment fraud cases	3.13 million cases
	Increase compared to 2023	14%
	Remote purchase fraud increases	22%
	Remote purchase fraud cases	2.6 million cases
Global Banking Sector	Banks with losses over USD 500,000	57%
	Banks with losses over USD 1 million	>25%

Types Of Banking Fraud Statistics

• According to coinlaw.io, banking fraud shows that phishing scams affected 52% of victims, whereas card-not-present fraud accounted for 63% of card-related losses.
• Malware and spyware attacks rose by 22%, and account takeover fraud increased by 19%.
• Unauthorised wire transfers and cryptocurrency wallet scams led to USD 2 billion and USD 3 billion in losses, respectively.
• Lastly, check fraud made up 7% of reported cases.

Cybercrime Type Causing The Greatest Harm

• According to Soax.com’s analyses, investment fraud accounted for the largest losses at USD 4,570.27 million, followed by business email compromise (USD 2,946.83 million) and tech support scams (USD 924.51 million).
• Followed by personal data breach (USD 744.21 million), confidence fraud/romance (USD 652.54 million), data breach (USD 534.39 million), government impersonation (USD 394.06 million), non-payment/non-delivery (USD 309.64 million), credit card/check fraud (USD 173.62 million), real estate (USD 145.24 million), advanced fee (USD 134.51 million), identity theft (USD 126.20 million), lottery/sweepstakes/inheritance (USD 94.50 million), extortion (USD 74.82 million), employment scams (USD 70.23 million), ransomware (USD 59.64 million), and SIM swap (USD 48.79 million).
• Additionally, the lower-cost categories included overpayment (USD 27.95 million), botnet (USD 22.42 million), phishing/spoofing (USD 18.72 million), threats of violence (USD 13.53 million), harassment/stalking (USD 9.67 million), IPR/copyright/counterfeit (USD 7.55 million), crimes against children (USD 2.03 million), malware (USD 1.21 million), and other losses totaling USD 240.05 million.

Cost Of Cybercrime Statistics

(Reference: soax.com)

• As of 2024, the cost of cybercrime was USD 9.22 trillion, with a 13% increase from last year, resulting in USD 8.15 trillion (in 2023).
• By 2025, the cost is projected to reach approximately USD 10.29 trillion, up 11.61% from last year.
• Followed by 2026: USD 11.36 trillion (+10.4%), 2027: USD 12.43 trillion (+9.42%), 2028: USD 13.82 trillion (+11.18%), and 2029: USD 15.63 trillion (+13.1%).

Organisations Experiencing Attempted And/Or Actual Payments Fraud Analyses

(Source: usbank.com)

• Overall, the payment fraud rate reached 82% in 2018, followed by 81% in 2019, 74% in 2020, 71% in 2021, and 65% in 2022.
• Meanwhile, the rate rose to 80% in 2023 and then fell slightly to 79% in 2024.

Financial Organizations Affected By Ransomware Attacks

(Reference: cybelangel.com)

• Globally, approximately 65% of financial organisations were hit by ransomware attacks, up from 64% in 2023.
• Financial organisations further claimed that ransomware attacks rose from 34% in 2021 to 55% in 2022.

U.S. Financial Cyberattack Data Violations

(Reference: statista.com)

• In the United States, the number of data-breach cases in the financial services industry due to cyberattacks totalled 744 in 2023.
• The total number of data violation cases remained at 268 in 2022, followed by 279 (2021), 138 (2020), and 172 (2019).

Financial Cybercrime Types In The U.S.

(Reference: statista.com)

• As of 2024, approximately 64% of Americans reported credit card fraud as the most common issue, followed by data breaches (32%) and account hacking (31%).
• About 23% reported online banking scams, 14% reported phishing attempts, and only 2% mentioned other types of financial cybercrime.

Indian Industries Most Abused In Cyber Fraud Campaigns

(Source: the420.in)

• In cyber fraud campaigns, financial brands were most often targeted (39.5%), followed by retail (21.4%) and technology (12.5%).
• Moreover, smaller shares came from telecommunication (9.1%) and travel and leisure (8.6%).
• Abuse was less common in real estate (2.5%) and insurance (1.9%).

Cybercrime Money Lost Statistics By Age Group

(Source: soax.com)

• Among people aged 60 years and above, there were 101,068 complaints and total losses of USD 3,400 million.
• Meanwhile, the average loss per complaint accounted for USD 33,640.72.

Furthermore, other demographic analyses are stated in the table below:

Age Group (Year)	Complaints	Losses (USD)	Losses (USD Million)	Avg Loss per Complaint (USD)
50-59	65,924	1,700,000,000	1,700	25,787.27
40-49	84,052	1,500,000,000	1,500	17,846.10
30-39	88,138	1,200,000,000	1,200	13,615.01
20-29	62,410	360,700,000	360.7	5,779.52
Below 20	18,174	40,700,000	40.7	2,239.46

Cybercrime Costs Analyses By State & Territory

State/Territory	Total cost (USD)	Complaints	Avg cost/complaint (USD)	Highest-cost loss (USD)
Alabama	96,349,731	5,295	18,196.36	32,036,807
Alaska	31,755,398	2,189	14,506.81	12,236,756
American Samoa	327,466	31	10,563.42	271,000
Arizona	324,013,861	15,344	21,116.65	94,143,904
Arkansas	46,562,887	2,892	16,100.58	15,284,456
California	2,156,755,382	72,102	29,912.56	983,814,706
Colorado	187,401,125	10,379	18,055.80	60,844,895
Connecticut	120,763,026	4,400	27,446.14	38,103,346
Delaware	35,376,771	2,561	13,814.00	9,618,579
District of Columbia	46,135,047	3,529	13,073.12	18,970,376
Florida	873,833,671	37,922	23,042.92	311,140,271
Georgia	300,547,570	12,725	23,618.67	105,755,535
Guam	747,877	81	9,233.05	381,750
Hawaii	51,433,400	1,686	30,506.17	34,480,031
Idaho	50,629,680	2,045	24,757.79	17,412,873
Illinois	335,184,473	14,150	23,687.95	131,696,173
Indiana	162,061,174	10,410	15,567.84	55,751,807
Iowa	59,773,048	3,477	17,190.98	12,419,772
Kansas	94,113,004	2,599	36,211.24	44,027,464
Kentucky	48,699,325	4,154	11,723.48	20,269,246
Louisiana	77,795,378	4,375	17,781.80	25,777,537
Maine	18,962,552	1,483	12,786.62	4,516,013
Maryland	221,331,590	8,828	25,071.54	84,201,661
Massachusetts	235,417,890	8,234	28,590.95	76,611,310
Michigan	203,276,385	13,712	14,824.71	65,458,059
Minnesota	193,791,800	6,316	30,682.68	69,732,152
Mississippi	32,143,424	2,750	11,688.52	11,217,583
Missouri	123,249,884	7,442	16,561.39	42,906,774
Montana	45,551,682	1,450	31,414.95	32,204,310
Nebraska	40,580,996	2,010	20,189.55	10,538,005
Nevada	200,808,805	9,238	21,737.26	91,121,172
New Hampshire	27,165,110	1,520	17,871.78	6,995,141
New Jersey	440,841,380	11,259	39,154.58	152,042,523
New Mexico	45,127,285	2,602	17,343.31	19,118,260
New York	748,563,870	24,770	30,220.58	230,500,311
North Carolina	234,703,617	11,266	20,832.91	79,373,853
North Dakota	13,532,372	705	19,194.85	5,656,646
Northern Mariana Islands	25,917	16	1,620.00	18,309
Ohio	197,281,703	12,596	15,662.25	69,624,975
Oklahoma	66,947,770	4,516	14,824.57	22,651,833
Oregon	135,527,400	5,995	22,606.74	42,932,641
Pennsylvania	359,154,607	15,073	23,827.68	108,854,185
Puerto Rico	30,093,505	2,534	11,875.89	16,643,124
Rhode Island	30,921,954	1,278	24,195.58	14,195,616
South Carolina	119,817,544	9,193	13,033.56	42,579,581
South Dakota	35,848,890	1,629	22,006.69	17,000,000
Tennessee	161,105,497	7,874	20,460.44	54,135,338
Texas	1,020,732,548	43,908	23,247.07	362,410,519
United States Minor Outlying Islands	3,588,798	121	29,659.49	2,913,146
Utah	132,165,965	4,565	28,952.02	38,595,361
Vermont	8,817,472	638	13,820.49	3,569,834
Virgin Islands	2,635,005	120	21,958.38	2,137,025
Virginia	264,636,809	11,598	22,817.45	97,056,870
Washington	288,477,780	13,417	21,500.92	121,937,028
West Virginia	21,445,053	2,188	9,801.21	5,777,824
Wisconsin	91,331,107	6,466	14,124.82	30,437,803
Wyoming	13,732,961	776	17,697.11	5,725,712

Top Cybercrime Attack Statistics

(Source: deepstrike.io)

• Phishing and spoofing dominate cybercrime, with APWG reporting 1,003.94 attacks in the first quarter of 2025.
• Ransomware continues with a more than 73% YoY increase and more than USD 1 billion in crypto ransoms.
• Meanwhile, business fraud has collectively cost USD 51 billion globally, and non-ransom malware has experienced a 349% surge in email-borne detections.
• Identity fraud in the U.S. reached USD 27.2 billion in 2024, and data breaches incurred an average cost of USD 4.45 million in 2023.

Banking Scams Statistics

• A BioCatch report, based on data from financial institutions serving nearly 350 million consumers across five continents, found scam attempts rose 65% in the past year.
• It reported a 100% increase in voice phishing (vishing), a 63% increase in attempted romance scams, and a 42% increase in attempted investment scams, while SMS phishing increased 10-fold.
• Purchase scams remained the most common type, with attempts up 14%.
• Additionally, consumers lose USD 1.03 trillion each year, and the U.S.
• Clients also observed a 15% decline in impersonation scams and launched Scams360 in July.

Digital Payments Fraud Statistics

(Source: cloudfront.net)

• The digital payment fraud market reached around USD 50 billion by the end of 2024.
• Only 1 in 120 online transactions was termed as potentially fraudulent.
• Credit card fraud accounted for the largest share, with 38% of all digital payment fraud.
• In online banking fraud trends, synthetic identity fraud accounted for the largest share (80%, followed by account takeover (28%), refund fraud (25%), and P2P payment platform fraud (19%).

Americans’ Experience With Online Scams And Attacks

(Source: pewresearch.org)

• From April 14 to 24, 2025, approximately 73% of U.S. adults experienced at least one online scam or attack.
• The most common issue was stolen card details and fake charges (48%).
• Another 36% paid for counterfeit or undelivered items and received no refund.
• Account takeovers affected 29%, and 24% shared personal information after a scam message or call.
• Fewer people reported ransomware (10%) or fake investment losses (7%).

Online Scam Experiences By Demographics

• In the United States, approximately 30% of Americans experienced an online scam in 2025.
• Followed by 22% experienced two scams, 22% (three or more), and 73% (at least one).

Other demographic analyses in the U.S. are mentioned below:

Metrics	One	Two	Three+	At least one
Age group (year)
18-29	29%	20%	24%	73%
30-49	30%	23%	23%	77%
50-64	32%	24%	21%	76%
65+	29%	19%	19%	66%
Ethnicity
White	32%	24%	18%	74%
Black	25%	17%	31%	73%
Hispanic	25%	19%	28%	73%
Asian	31%	17%	24%	71%
Income Level
Lower	26%	19%	27%	72%
Middle	31%	24%	20%	75%
Upper	35%	22%	18%	75%

Bank-Fraud Statistics By Identity Theft & Account Takeover

• The Federal Trade Commission reported that 2024 saw 6.5 million consumer reports, including more than 1.1 million identity theft reports.
• The biggest identity-theft categories were credit card (449,032 reports), loan/lease (176,400), bank account (114,608), and other identity theft (358,993).
• According to Javelin’s 2025 Identity Fraud Study, identity fraud, including account takeover (ATO), resulted in USD 27.2 billion in consumer losses in 2024, a 19% increase.
• Alloy’s 2025 State of Fraud Report found that 60% of financial institutions/fintechs, and about 70% of enterprise banks, reported fraud rising.
• More than 1 million in direct losses, and 64% planned new identity-risk investments.
• According to a NICE survey, 66% reported a major impact from ATO, 54% reported identity theft, and 72% reported close monitoring of phishing.
• In addition, Veriff reported that, in 2025, deepfakes accounted for 1 in 20 ID-check failures.

By Phishing Scams and Social Engineering

• The APWG reported that phishing attacks totalled 1,003,924 in the first quarter of 2025, with online payment and banking targeted in 30.9% of incidents.
• In the second quarter, phishing attacks totalled 1,130,393 (an increase of 13% from the previous quarter).
• The Financial Institutions sector is the most targeted, accounting for 18.3% of all phishing attempts.
• The total number of number of number of attacnumber of ks declined to 892,494 in the third quarter of 2025, and financial institutions accounted for 13.2% of incidents.
• Meanwhile, QR-code traps surged to 716,306 unique malicious codes, up 13% from Q2, and exceeded 3 million over the past 12 months.
• The FBI’s report logged 859,532 complaints and USD 16 billion in phishing and spoofing losses on April 23, 2025.
• IC3 also shows that 21,442 BEC cases totalling USD 2,770,151,146.

Credit Card Fraud Statistics

(Reference: coinlaw.io)

• In 2025, credit card fraud is expected to account for approximately 38% of FTC identity-theft complaints, with 323,000 cases reported in the first half of the year.
• In the U.S., 81% of fraud losses originated from card-not-present transactions as online shopping continued to grow.
• 68% of victims detected fraud through bank alerts or statements rather than through real-time tracking.
• India and Brazil reported a 29.5% increase in credit card fraud cases in 2025, linked to the expansion of digital payments.
• Dark-web selling increased by 20%, with 14.5 million U.S. card records listed.
• Globally, one fake card transaction happens every 14 seconds, while the U.S. recorded USD 13.7 billion in losses.

Financial Impact On Banks And Consumers

• In 2024, global banking fraud costs were expected to pass USD 45 billion as attacks became more advanced, according to coinlaw.io.
• For financial institutions, each fraud incident costs about USD 4.3 million, including investigation, recovery, and regulatory fines.
• Consumer confidence declined by 15%, and 4 out of 10 people reported hesitating to adopt new banking technology.
• Fraud-related lawsuits against banks increased by 8%.
• Businesses lost USD 14 billion, with small firms making up 47% of reported cases.
• The sector spent USD 12.6 billion on anti-fraud tools and services, up 20% year over year, while insurance claims jumped 26%.

Financial Cybersecurity Regulation Challenges

• The top issue was the presence of too many or conflicting regulations across countries (34%), particularly in the U.S.
• Meanwhile, 25% reported that meeting cyber-regulation requirements was not a challenge.
• Resource constraints, such as limited money or people, affected 22%.
• A smaller share reported their country or industry lacked cyber regulations (9%).
• Others found requirements technically too hard to meet (7%) or not appropriate for their organisation (3%).
• Regulatory complexity accounted for 34%, while capability and fit concerns accounted for 3%.

Conclusion

Banking fraud, scams, and cybercrime are increasing rapidly as criminals exploit technology and people’s trust to steal money and personal information. As online banking becomes more popular, crimes such as phishing texts, fake apps, identity theft, and unauthorised account access are on the rise.

To prevent such fraud incidents, banks need to implement stronger security measures, round-the-clock transaction monitoring, and clear guidance for customers. Similarly, users need to remain vigilant, verify messages and links, create strong passwords, and report suspicious activity immediately. When protection improves, rules are enforced, and awareness increases, fraud can be reduced, and digital banking remains secure.