1、2025 DIGITAL BANKING FRAUD TRENDS IN INDIABioCatch report on the current and future digital fraud landscape in IndiaMay 2025BioCatch reportREPORT|2025 Digital Banking Fraud Trends in India2About this reportThis report offers a comprehensive perspective on the current banking fraud trends and threat

2、landscape in India.To create this report,BioCatchs team of experts led by its global fraud intelligence team and supported by its local global advisory and threat analytics teams conducted extensive research,compiling both proprietary BioCatch data and findings from third-party sources.This report i

3、s presented in the following sections:Threat landscape in India KYC regulatory changes in India and the rising threat of eKYC scams Digital arrest:Behind the scams hurting India3REPORT|2025 Digital Banking Fraud Trends in IndiaThreat landscapeTrends:Fraud losses in India have recently varied drastic

4、ally from one year to another.The latest RBI figures1 show a 715%increase in losses between April and September of 2024 compared to the same period the year before,and a 62%increase on the entire previous fiscal year.This follows two consecutive fiscal years with a 45%decrease in reported losses.Wit

5、h reported fraud losses from April through September of 2024(21,367 crore)similar to those for the full 2023-2024 fiscal year(23,683 crore),fraud losses for this current(2024-2025)fiscal year are on track to reach their highest levels since 2021/2022(43,571 crore).1 In Indias 2023-24 fiscal year,the

6、 vast majority of reported fraud losses in the country took place in previous years,with as many as 15%of those reports dating back more than a decade.The latest RBI numbers forecast a further continuation of this trend,with only 5%of the fraud losses reported between April and September of 2024 act