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FICO study: AI arms race increases fraud complexity in EMEA
A study by FICO reveals that fraud prevention professionals in Europe, the Middle East, and Africa (EMEA) are facing increasingly complex, AI-driven threats. Financial institutions in the region are responding by accelerating investments in AI-powered detection systems and enterprise-wide fraud strategies.
Key findings from the report indicate that 52 percent of EMEA institutes identify increasing fraud complexity as their greatest challenge, compared to 40 percent globally. Additionally, 48 percent of respondents cited the effective integration of AI into existing controls as a major operational and technological hurdle.
Regarding recent trends, 36 percent of EMEA institutes reported that fraud attempts increased by more than 25 percent over the last 24 months. Furthermore, 28 percent of respondents stated that financial losses due to fraud have risen by more than 25 percent during the same period.
Entities
Adam Davies · Africa · Europe · FICO · Middle East
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] 36 percent of EMEA institutes reported fraud attempts increased by more than 25 percent in the last 24 months. www.itiko.de · schlaunews.de · neue-pressemitteilungen.de
- [● 3 SOURCES] 52 percent of EMEA institutes identify increasing fraud complexity as their greatest challenge. www.itiko.de · schlaunews.de · neue-pressemitteilungen.de
- [● 3 SOURCES] 48 percent of EMEA respondents identify the effective integration of AI as a major challenge. www.itiko.de · schlaunews.de · neue-pressemitteilungen.de
- [● 3 SOURCES] 28 percent of EMEA respondents reported financial losses from fraud increased by more than 25 percent in the last two years. www.itiko.de · schlaunews.de · neue-pressemitteilungen.de