Rising Sophistication of Payments Fraud Requires Advanced Detection Methods
The global payments industry is facing increasingly sophisticated fraud tactics as cybercriminals evolve their methods to bypass traditional detection systems. According to Cifas' Fraudscape 2026 report, there were 444,000 recorded fraud cases in the UK alone during 2025—a 6% increase from 2024—with misuse of facility and account takeover (ATO) schemes rising sharply.
Topics: AI in crime Cifas report cybercrime fraud payments fraud