Veriff Report: One in 20 Online Identity Verification Attempts in Financial Services is Fraudulent

As the Deepfake-Laden Threat Landscape Becomes Increasingly Formidable, Report Offers Financial Services Firms a Compass for the Future These are just a few of the findings fromVeriff ’s annual report titled “The Future of Finance.” By combining the company’s own in-house data (included in theVeriff Identity Fraud Report)with front-line perspectives (including both fraud professionals via the company’sU.S. Fraud Industry Pulse Survey, as well as consumers via itsFraud Index ),...

New York, 24/06/2025 (informazione.news - comunicati stampa - economia)

These are just a few of the findings from Veriff’s annual report titled “The Future of Finance.” By combining the company’s own in-house data (included in the Veriff Identity Fraud Report) with front-line perspectives (including both fraud professionals via the company’s U.S. Fraud Industry Pulse Survey, as well as consumers via its Fraud Index), “The Future of Finance” reveals key insights into the current state of affairs and suggests future directions.

“Various bodies of industry research universally point to a skyrocketing increase in deepfake incidents across categories, including fraud,” says Ira Bondar, Senior Fraud Group Manager at Veriff. “In the first quarter of 2025 alone, for instance, the number of reported deepfake fraud incidents nearly matched the total from 2024. Deepfakes are an insidious threat, and we are now officially in an age when it’s becoming nearly impossible for the naked eye to distinguish what’s real from what’s not, creating great peril for both financial services firms and consumers.”

Among the findings in the “Future of Finance”:

“Our report collates a wide variety of research to present a clear picture of how financial services organizations - from traditional banks, to agile neobanks and fast-growing cryptocurrency, fintech and payments platforms - should consider approaching the daunting challenges of the coming years,” continues Bondar. “Identity verification, biometrics, and AI hold the keys to financial services firms keeping their customers satisfied and highly secure, while also meeting compliance requirements.”

To access the full report, visit here .

About Veriff

Veriff is a global identity verification platform helping businesses build trust online. Our AI-native technology combines automation and human expertise to quickly and accurately verify users worldwide with minimal friction. Trusted by leading companies like Blockchain, Bolt, Deel, Monzo, Starship, Trustpilot, and Webull across finance, marketplaces, mobility, gaming, and other industries. Our trust infrastructure helps businesses stay compliant, prevent fraud, protect users, and scale globally, enabling a safer, more transparent internet for everyone.