FinTech Magazine January 2026 | Page 120

The Q1 2025 surge in deepfake fraud
FRAUD & ID VERIFICATION

2025 has been a terrific year for cyber criminals as AI-augmented phishing surged 500 %, a new report reveals. According to the latest threat intelligence report by Mimecast, the company caught over 9.3 billion cyber threats in the first nine months of 2025.

With AI, phishing campaigns and ClickFix schemes have become more sophisticated, leveraging trusted services to evade detection. The report reveals that phishing now accounts for 77 % of all attacks, which is up from 60 % in 2024.
“ We’ re seeing a clear evolution in attacker behaviour in 2025, headlined by an exponential rise in AI-driven threats,” said Ranjan Singh, Mimecast Chief Product & Technology Officer.“ Financial platforms, regulatory agencies, and city governments have all been targeted by profit-driven ransomware groups and highly organised, state-sponsored adversaries.
“ Threat actors are doubling down on human-focused attacks and exploiting trusted business services as their primary means of intrusion, making employee awareness and resilient systems more essential than ever.”

1,100 %

The Q1 2025 surge in deepfake fraud

Source: Sumsub