Banking Scam Attempts Rise 35% as Mobile Devices Carry 90%…
By Rick Steves
AI summary of the source article
According to BioCatch's 2026 Global Scams report covering more than 370 financial institutions across 21 countries, attempted banking scams rose 35%, down from a 65% increase in the prior edition. Mobile devices were linked to 90% of scam sessions, compared to 75% for conventional unauthorized fraud. Purchase scams accounted for 33% of attempts, while employment-scam victims jumped 258%. Investment scams yielded the highest average attempted value at $6,600, which is five times the average across all categories. The findings highlight the challenge of authorized push-payment scams, where legitimate customers pass authentication while being manipulated.
Why it matters
The findings show that authorized push-payment fraud is heavily concentrated on mobile devices, requiring banks to detect manipulation and coercion rather than relying solely on standard authentication controls.
Key facts
- Attempted banking scams grew 35% across more than 370 institutions serving over 760 million users.
- Mobile devices accounted for 90% of scam sessions, compared to 75% for conventional unauthorized fraud.
- Investment scams had the highest average attempted value at $6,600, while employment-scam victims grew 258%.