Report by Abrigo
Fraud in america has diverged into two distinct challenges across age groups
Key Findings
34% of Americans cite credit card fraud as their top concern.
54% of Americans aged 35 to 44 are concerned about peer-to-peer scams.
More than half of Americans under 35 are concerned about deepfake scams.
17% of Americans aged 65 and older agree that the financial institution bears responsibility for fraud.
8% of Americans aged 65 and older say they are very comfortable using financial apps.
51% of Americans aged 35 to 44 are concerned about deepfakes.
45% of women are concerned about peer-to-peer scams, compared with 40% of men.
13% of Americans cite ACH fraud as a top concern.
79% of Americans support government legislation to address fraud.
42% of Americans say banks are primarily responsible for fraud protection.
43% to 44% of Americans aged 18–34 are concerned about peer-to-peer payment fraud.
66% of Americans aged 55 to 64 are aware of impersonation scams.
Nearly 44% of older Americans are unaware of phantom hacker scams.
59% of Americans aged 35 to 44 are concerned about data breaches.
1 in 5 Americans experienced bank fraud in the past 12 months.
59% of Americans affected by fraud report stress or anxiety as a direct result.
Nearly 60% of Americans say they would reduce their banking relationship following a fraud event.
61% of Americans aged 65 and older are aware of impersonation scams.
Phantom hacker scams are a concern for more than 56% of Americans aged 55 to 64 and those 65 and older.
55% of Americans aged 25 to 34 are concerned about deepfake scams.
Roughly 1 in 3 older Americans may not recognize impersonation scams when they encounter them.
Over 60% of Americans over 55 are concerned about impersonation scams.
46% of Americans aged 65 and older say fraud is their own responsibility if they authorize payment.
9% of Americans cite peer-to-peer fraud as a top concern.
20% of fraud victims report experiencing check fraud.
39% of Americans report being fraud victims.
53% of Americans aged 18 to 24 are concerned about deepfake scams.
51% of Americans aged 25 to 34 believe banks should always reimburse fraud victims.
51% of Americans aged 65 and older are extremely concerned about AI-powered fraud.