New data from Alloy’s 2025 Financial Fraud Report reveals a sharp increase in financial fraud, underscoring the urgent need for stronger prevention measures. The report highlights that identity
theft, account takeovers, and synthetic identity fraud have surged as criminals leverage advanced technology and stolen data to exploit financial systems. With digital transactions at an all-time high, both consumers and businesses face heightened risks of falling victim to sophisticated scams.
The findings also show that fraudsters are increasingly using automation and artificial intelligence (AI) to bypass traditional security checks. While real-time fraud monitoring and enhanced authentication remain critical tools to combatting fraud, experts stress that technology alone isn’t enough. Continued education and awareness are imperative in helping individuals recognize and avoid fraudulent schemes before they cause damage.
MVSB cares about keeping our neighbors safe from fraud and is committed to providing secure online tools, fraud monitoring, and financial education. With a focus on community safety and trust, we provide resources to help individuals and businesses detect and prevent scams. If you ever feel your accounts or identity may be at risk due to fraud, please contact us. We’re here to help.
