Juniper Research Forecasts Banking Fraud to Reach 2.2 Billion Transactions by 2031

BASINGSTOKE, United Kingdom, Sept. 21, 2026 /CourierPR/ -- Juniper Research has forecast that fraudulent transactions in digital banking and money transfer will surpass 2.2 billion globally by 2031, marking a significant growth of over 180% from 773.7 million in 2025.

The study identifies the rise of AI-enabled attacks as a key driver behind this growth. These attacks are becoming more personalized and scalable, making bank customers increasingly viable targets. Unlike traditional methods that focused on compromising banking infrastructure, the new threat landscape involves social engineering attacks targeting end-users and authenticated payment journeys. This shift is driven by the reduced costs and faster adaptation capabilities of AI, which allow fraudsters to create and adjust their tactics more efficiently.

Shane O’Sullivan, the report's author, emphasized the need for banks to adopt a proactive approach. This means moving beyond mere transaction detection to understanding how risks evolve throughout the customer journey.

The report also highlights the increasing sophistication of generative AI, which enables new and adaptive scam typologies. Emerging agentic AI allows fraudsters to coordinate multi-stage attacks and adjust tactics dynamically based on the victim's responses. This makes fraud more persistent and harder to detect. Banks are advised to use AI to build a continuous view of customer risk, analyzing how behavioral, identity, and payment signals evolve together to enable intervention before fraudulent transactions are authorised.

The new market research suite offers the most comprehensive assessment of the banking fraud prevention market to date. It includes a 'Competitor Leaderboard' and an examination of future market opportunities.

The research underscores the critical role of technology in combating fraud. With the increasing complexity of attacks, banks must leverage advanced analytics and machine learning to stay ahead. The report provides detailed insights into the strategies and technologies that can help banks mitigate risk and protect their customers.

The findings also highlight the importance of continuous monitoring and adaptive security measures. Banks need to be vigilant and responsive to emerging threats, ensuring that their systems can adapt to new forms of fraud as they arise. The report offers a roadmap for banks to implement these strategies, providing actionable recommendations for risk management and fraud prevention.

In conclusion, the forecasted growth in banking fraud underscores the urgent need for banks to enhance their security measures. The report serves as a valuable resource for financial institutions, offering a detailed analysis of the challenges and opportunities in the banking fraud prevention market. By adopting the strategies outlined in the report, banks can better protect their customers and maintain the trust that is essential for their operations.

The report is now available for download at the provided link, providing banks and financial institutions with the tools they need to navigate the evolving threat landscape.