Fintech and Commerce Summit: The Scam Threat Landscape - Devaluing the Currency of Trust

Powered by the use of AI to operationalise scam attacks, global scam losses are now estimated at >$1tn(1) with 57% of adults globally now claiming to have had a scam experience in the last 12 months(2). In the first half of 2025 the UK saw increases of +55% in investment scams, +10% on purchase scams and +35% on romance scams driving Authorised Push Payment (APP) fraud losses of £257m, a 12% increase on H1 2024.

Losses from unauthorised transactions were £372m with card not present fraud cases+22%, reflecting the Banks ongoing challenges with criminals tricking victims into handing over one-time passcodes, which then allows criminals to register digital wallets and make fraudulent payments(3).

Speaking at GASA Singapore, Senior Minister of State, Tan Kiat How, confirmed “Fundamentally our societies work on trust -the coin of the realm- but scams erode trust in our systems.”  Whether KYC at onboarding being targeted by deep fakes, or scams to steal credentials, or scams to  make payments, we are continually under attack.

Join us as we explore the latest trends, case studies showcasing the fight back against scams, and explore what it means to Trust. The scope will include:

AI Network Based Solution Authentication

Regulation SMS Biometrics

APIs to Fight Fraud in Real-time Voice Quantum Computing

Models of Collaboration to Fight Back Cybersecurity  

1.https://www.biometricupdate.com/202510/scams-overtake-1-trillion-as-ai-supercharges-global-fraud-networks-biocatch

2.Global Anti Scam Alliance – Global State of Scams Report 2025

3.https://www.ukfinance.org.uk/news-and-insight/press-release/over-ps600-million-stolen-fraudsters-in-first-half-2025