Financial Services Identity Theft Statistics

48% of UK consumers express concern about the risk of fraud or identity theft related to AI in banking.

44% of organizations in the financial services industry ranked synthetic identity fraud as the top fraud type tracked.

30% of banks reported that they face synthetic identity fraud, which blends fake and real personal data to bypass verification.

28% of consumers said they would be willing to give up online banking to avoid the risk of identity theft.

72% of credit union members said they'd be more likely to trust and adopt an identity protection product if it came from their credit union rather than a third-party provider.

80% of credit union members believe it's their credit union's responsibility to protect their personal information and identity.

90% of credit union members are deeply concerned about the impact of identity theft on themselves or their families.

67% of credit union members would use an identity protection product if it were offered through their credit union.