The March 2022 Aite-Novarica Group report on Scams: On the Precipice of the Scampocalypse analyzes the growing scale and complexity of scam activity, highlighting trends in consumer and commercial attacks. It calls for structured classification models to better understand scam types, drivers, and impacts. The report examines reimbursement policy shifts, particularly in the U.S., and outlines proactive prevention, detection solutions, and industry collaboration efforts. By addressing the forces behind rising scams and implementing comprehensive strategies, financial institutions can better mitigate losses, protect customers, and adapt to evolving fraud landscapes.

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