Authorized Fraud Puts Bank Intervention to the Test

Banks are spending more on fraud detection because stopping a scam after the customer has sent the money is often too late. Sixty-eight percent of financial institutions increased their fraud-detection budgets year over year, according to the 2025 “State of Fraud and Financial Crime in the United States,” a PYMNTS Intelligence report produced in collaboration with Block. That spending comes as 46% of institutions report increasingly sophisticated fraud schemes, up from 35% a year earlier.