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Veriff Identity Fraud Report: Online Fraud Continues to Rise, Hitting E-Commerce and Financial Services Hardest

globenewswire.com
GOOGL Google is mentioned as being investigated by EU authorities regarding fraud prevention on its platforms, indicating a neutral stance as the investigation is ongoing and its impact is not yet determined. MSFT Microsoft is mentioned as being investigated by EU authorities regarding fraud prevention on its platforms, indicating a neutral stance as the investigation is ongoing and its impact is not yet determined. AAPL Apple is mentioned as being investigated by EU authorities regarding fraud prevention on its platforms, indicating a neutral stance as the investigation is ongoing and its impact is not yet determined. BKNG Booking.com (part of Booking Holdings) is mentioned as being investigated by EU authorities regarding fraud prevention on its platforms, indicating a neutral stance as the investigation is ongoing and its impact is not yet determined. BLKC BOLT Bolt is listed as a company trusting Veriff for identity verification, suggesting a neutral sentiment as it's a customer relationship without direct performance commentary. DELL Deel is listed as a company trusting Veriff for identity verification, suggesting a neutral sentiment as it's a customer relationship without direct performance commentary.

New York, Dec. 11, 2025 (GLOBE NEWSWIRE) -- Online fraud is climbing at a rapid pace, with e-commerce and financial services platforms facing the greatest impact, according to Veriff’s newly released Identity Fraud Report 2026. Impersonation remains the most common type of fraud, as criminals adopt increasingly advanced techniques and move away from methods that are easier to detect.

In late September, European Union authorities opened formal inquiries into Google, Microsoft, Apple, and Booking.com under the Digital Services Act, seeking details on how the companies are preventing fraud on their platforms. The action highlights the scale of the problem: online scams – from deepfake videos of public figures promoting fake investments to fraudulent banking apps and bogus hotel listings – are estimated to cost EU residents more than €4 billion ($4.7 billion) each year.

Veriff’s report found that about one in every 25 online identity verification attempts now involves someone attempting to pose as another person.

“Across industries, online fraud attempts are clearly continuing their sharp upward trajectory, with our latest findings coming on the heels of two consecutive years of 20 percent increases,” says Ira Bondar-Mucci, Fraud Platform Lead at Veriff. “In addition, we’re seeing a clear trend of fraudsters deploying increasingly sophisticated attack methods as they move away from older techniques that are now more conspicuous.”

Other key findings from the report include:

“The fraud landscape today shows just how aggressive and adaptable bad actors have become – and no platform can afford to let its guard down,” Ira said. “We welcome the EU’s push under the DSA to hold major tech companies to a higher standard, but strong, modern identity verification must be a priority for every online platform, not just the biggest ones.”

About Veriff

Veriff is a global identity verification platform helping businesses build trust online. Our AI-native technology combines automation and human expertise to quickly and accurately verify users worldwide with minimal friction. Trusted by leading companies like Blockchain, Bolt, Deel, Monzo, Starship, Trustpilot, and Webull across finance, marketplaces, mobility, gaming, and other industries. Our trust infrastructure helps businesses stay compliant, prevent fraud, protect users, and scale globally, enabling a safer, more transparent internet for everyone.

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