2025 State of Fraud Report: data from National SIRA

Synectics has revealed where fraud is hitting banks and building societies hardest in its annual State of Fraud Report.

The 2025 fraud trends report lays out exactly what risk leaders and professionals need to know to keep ahead of sophisticated and large-scale fraud.

A vital window into consumer behaviour, it’s packed with patterns and data-backed predictions to guide your approach to high-stakes fraud challenges. Our experts also share frontline insight on strategies moving the needle for banks and building societies, plus signs of risk to come.

Analysis comes from National SIRA – Synectics’ vast pool of collated risk intelligence contributed to by 150+ of the nation’s risk teams, every day.

From synthetic IDs driving a 25% surge in identity fraud reports to a staggering 63% rise in laundering activity and 36% spike in address impersonation. The report is essential reading for anyone who plays a role in fraud prevention.

Get a copy and you'll learn:

• The top reported fraud types in 2024 compared to 2023
• How fraud is worse or different across key products in your sector
• Evidence and expert opinions about why we're seeing change 
• New techniques and technologies - such as laundering shifts and deepfake tools
• Advice about what to do with your new information 

Who is this report for?

This 2025 fraud trends report is for AML, fraud prevention and risk management professionals who need to control fraud in a compliant and fair manner. Whether you’re facing down AI-generated threats, battling operational overheads or want to lead a new approach, consider this fraud data report your vital companion

Synectics’ counter-fraud tools are  powered by the largest source of  evolving intelligence that your industry can access. Each member shares their intelligence. We aggregate it and provide real-time insight for the most accurate view of customer risk, at every moment. 

Up to two thirds of the UK’s banks and building societies contribute to the database daily, savings millions in fraud losses and gaining customers as a result.