New research has found that 90 percent of U.S. companies experienced some form of cyber fraud last year.
In a new report titled Fraud in the Cyber Era: 2025 Fraud Trends and Insights from global fraud protection company Trustpair, incidents of cyber fraud rose by 14 percent last year, based on its survey of 200 senior finance, treasury and accounts payable executives. Of those surveyed, 90 percent said they were targeted for cyber fraud, up from 79 percent in 2023. The research indicated that the increase was driven by fraudsters’ adoption of AI. Generative AI tactics like deepfakes and deepaudio increased by 118 percent, the company said.
“Our research shows that cyber fraud is an inescapable reality. While many executives express confidence in their organizations’ ability to identify sophisticated fraudsters, nearly the same percentage said their organizations experienced successful attacks, indicating the confidence is misplaced. The fraud landscape is constantly shifting. Macroeconomic factors such as economic volatility (47%) and geopolitical uncertainty (31%) are expected to add to the pressure in 2025 and create conditions that increase organizations’ vulnerability to fraud. Companies need to stay vigilant and can’t afford to be complacent with their defenses,” Baptiste Collot, co-founder and CEO of Trustpair, said.
According to the report, executives surveyed said cybersecurity was the business risk they are most concerned about for 2025 and will be the biggest factor in payment fraud this year. The report found that most executives (90 percent) report confidence in their and their team’s (89 percent) ability to spot a deepfake, a business email compromise scam or other advanced cyber fraud attack.
The report found that nearly half of the companies surveyed (47 percent) suffered losses in excess of $10 million, and 38 percent of the companies were targeted by payment fraud more than 10 times in 2024.