AI Fraud Prevention Statistics for 2026

Artificial intelligence and the new tools based on it that are hitting the market every new day are starting to have a massive impact on the state of fraud.

As these systems are weaponized against consumers in every sector more and more, it is crucial to understand their impact and how they affect the market in general.

• The global AI in fraud management market is valued at $67.12 billion in 2026.
• 75% of consumers now feel that AI makes them more vulnerable to financial fraud.
• Multi-step, coordinated fraud attacks rose by 180% year-on-year in 2026.
• 80% of financial institutions say that AI has effectively eliminated the need for manual fraud reviews.
• 60% of email recipients now fall for AI-generated phishing attempts.

The global fraud detection and prevention market is projected to reach $67.12 billion in 2026. 

(Fortune Business Insights) 

The market is exploding in size, seeing an annual growth rate of 17.5% due to the rising popularity of digital payments and the need for real-time authentication.

Cloud-based security solutions now account for 46.4% of the fraud prevention market.

(Fortune Business Insights) 

Smaller and mid-sized companies are increasingly using AI-driven security solutions to protect their data.

Large enterprises lead adoption with a 64.1% market share in 2026. 

(Fortune Business Insights) 

As major corporations undergo complete digital transformations, the risk of data breaches and fraudulent transactions becomes a top-tier executive priority.

Media-reported AI content incidents reached nearly 500 per month by January 2026. 

(Statista) 

This represents a tenfold increase since 2020, highlighting how quickly generative AI is being used to create fake news, retail scams, and deepfake content.

1 in 17 teens have already been targeted by deepfake content as of 2026. 

(Statista) 

Teens and children are highly vulnerable to being targeted by this type of content, as they are often more active on social media platforms.

Phishing attacks linked to generative AI trends have surged by 1,265% in the past year. 

(StrongestLayer) 

The newest data available shows that AI is the main threat when it comes to email phishing attacks, as artificial intelligence tools can craft highly effective emails that can bypass traditional spam filters.

60% of recipients fall for AI-generated phishing emails. 

(Harvard Research) 

The data shows that AI-based email attacks do not have a higher success rate than old-school scams.

Generative AI is expected to drive US fraud losses to $40 billion annually by 2027. 

(Deloitte) 

AI is going to lead to massive losses due to fraud, as this number was $12.3 billion in 2023, which means that this type of fraud is growing at a CAGR of 32%.

Deepfake-related fraud losses exceeded $410 million in the first half of 2025 alone. 

(Fourthline) 

Individual incidents are becoming costlier, with some sophisticated social engineering scams exceeding $680,000 per event.

75% of people feel that they are now more vulnerable to financial fraud due to AI advancements in 2026. 

(TD Bank Survey) 

Additionally, more than 82% of surveyed people said that scams are becoming progressively harder to spot.

85% of banks report high returns from AI-powered fraud triage and investigation. 

(Mastercard)

Banks are implementing AI-based fraud prevention that is used for transaction pattern recognition and a real-time detection of any suspicious transaction.

North America holds the largest share (34%) of the global AI fraud management market. 

(Precedence Research)

While the NA region is still dominating this market, the Asia-Pacific region is expected to grow the fastest in the next few years, due to the rapid expansion of mobile banking and fintech.

80% of organizations say AI has eliminated the need for unnecessary manual reviews. 

(Mastercard)

Banks are using these AI-powered solutions to eliminate easy cases and focus on more complex issues and multi-stage attacks.

AI-assisted document forgery rose from 0% to 2% of all identified fake documents in 2025. 

(Sumsub)

The newest trend using AI tools for fraud is based around creating fake official documents.

Retailers face up to 1,000 AI bot calls per day at their service centers. 

(Fisher Phillips)

The same report also saw that a third of retail fraud attempts are AI-generated in 2026.

Final Thoughts

As you can see, AI is having a major impact on the state of fraud, bringing new challenges and massive overhauls of defense systems for consumer protection. 

As our world continues to change and evolve, being aware and understanding of AI-based fraud trends will be essential for protecting yourself and your finances.