Experian’s Latest Fraud Forecast Reveals Viral Crimes, Crypto Scams and More Could Threaten Businesses and Consumers in 2025

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Experian’s Latest Fraud Forecast Reveals Viral Crimes, Crypto Scams and More Could Threaten Businesses and Consumers in 2025

2025-01-28 19:00 Last Updated At：19:20

COSTA MESA, Calif.--(BUSINESS WIRE)--Jan 28, 2025--

Experian® today released its annual Future of Fraud Forecast, revealing five emerging fraud threats that could challenge businesses and consumers in 2025. This year’s predictions show that fraudsters will continue to double down on the digital landscape and leverage Generative AI (GenAI) to commit sophisticated crimes at a rapid pace.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250128252311/en/

According to an Experian report, half of consumers surveyed said they are concerned about conducting activities online, and companies are most worried about cybercrime (75%) and GenAI fraud and deep fakes (70%). This underscores the need for robust protections against these fraud attacks and other schemes. As fraudsters continue to evolve and leverage advanced technologies, Experian’s insights aim to help mitigate new risks. This year’s threats include:

“We know technology is accelerating fraud at a rapid pace. The challenge is clear for businesses — it’s not just about mitigating risk for known threats but anticipating what’s coming next,” said Kathleen Peters, Chief Innovation Officer for Experian North America. “Our 2025 forecast highlights the fight against fraud requires a comprehensive approach — combining advanced technology, consumer awareness and a commitment to constantly adapting to evolving threats. Businesses need to invest in innovative, multilayered fraud prevention strategies that leverage data, advanced analytics and technology to thwart risk.”

Experian’s identity verification and fraud prevention solutions helped clients avoid an estimated $15 billion in fraud losses globally last year. For more about Experian’s fraud detection solutions available on the Experian Ascend Platform™, including NeuroID’s behavioral analytics, please visit https://www.experian.com/business/solutions/fraud-management. To learn more, please register for Experian’s 2025 Fraud Trends: Disrupting GenAI in Fraud webinar scheduled for Feb. 6 at 10 a.m. PT by visiting https://us-go.experian.com/2025-fraud-predictions-webinar.

About Experian

Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realize their financial goals and help them to save time and money.

We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.

We invest in talented people and new advanced technologies to unlock the power of data and innovate. As a FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 22,500 people across 32 countries. Our corporate headquarters are in Dublin, Ireland. Learn more at experianplc.com.

Experian and the Experian marks used herein are trademarks or registered trademarks of Experian and its affiliates. Other product and company names mentioned herein are the property of their respective owners.

Thousands of nurses go on strike at several major New York City hospitals

NEW YORK (AP) — Thousands of nurses in three hospital systems in New York City went on strike Monday after negotiations through the weekend failed to yield breakthroughs in their contract disputes.

The strike was taking place at The Mount Sinai Hospital and two of its satellite campuses, with picket lines forming. The other affected hospitals are NewYork-Presbyterian and Montefiore Medical Center in the Bronx.

About 15,000 nurses are involved in the strike, according to New York State Nurses Association.

“After months of bargaining, management refused to make meaningful progress on core issues that nurses have been fighting for: safe staffing for patients, healthcare benefits for nurses, and workplace violence protections,” the union said in a statement issued Monday. “Management at the richest hospitals in New York City are threatening to discontinue or radically cut nurses’ health benefits.”

The strike, which comes during a severe flu season, could potentially force the hospitals to transfer patients, cancel procedures or divert ambulances. It could also put a strain on city hospitals not involved in the contract dispute, as patients avoid the medical centers hit by the strike.

The hospitals involved have been hiring temporary nurses to try and fill the labor gap during the walkout, and said in a statement during negotiations that they would “do whatever is necessary to minimize disruptions.” Montefiore posted a message assuring patients that appointments would be kept.

“NYSNA’s leaders continue to double down on their $3.6 billion in reckless demands, including nearly 40% wage increases, and their troubling proposals like demanding that a nurse not be terminated if found to be compromised by drugs or alcohol while on the job," Montefiore spokesperson Joe Solmonese said Monday after the strike had started. "We remain resolute in our commitment to providing safe and seamless care, regardless of how long the strike may last.”

New York-Presbyterian accused the union of staging a strike to “create disruption,” but said in a statement that it has taken steps to ensure patients receive the care they need.

"We’re ready to keep negotiating a fair and reasonable contract that reflects our respect for our nurses and the critical role they play, and also recognizes the challenging realities of today’s healthcare environment,” the statement said.

The work stoppage is occurring at multiple hospitals simultaneously, but each medical center is negotiating with the union independently. Several other hospitals across the city and in its suburbs reached deals in recent days to avert a possible strike.

The nurses’ demands vary by hospital, but the major issues include staffing levels and workplace safety. The union says hospitals have given nurses unmanageable workloads.

Nurses also want better security measures in the workplace, citing incidents like a an incident last week, when a man with a sharp object barricaded himself in a Brooklyn hospital room and was then killed by police.

The union also wants limitations on hospitals’ use of artificial intelligence.

The nonprofit hospitals involved in the negotiations say they’ve been working to improve staffing levels, but say the union’s demands overall are too costly.

Nurses voted to authorize the strike last month.

Both New York Gov. Kathy Hochul and Mayor Zohran Mamdani had expressed concern about the possibility of the strike. As the strike deadline neared, Mamdani urged both sides to keep negotiating and reach a deal that “both honors our nurses and keeps our hospitals open.”

“Our nurses kept this city alive through its hardest moments. Their value is not negotiable,” Mamdani said.

State Attorney General Letitia James voiced similar support, saying "nurses put their lives on the line every day to keep New Yorkers healthy. They should never be forced to choose between their own safety, their patients’ well-being, and a fair contract.”

The last major nursing strike in the city was only three years ago, in 2023. That work stoppage, at Mount Sinai and Montefiore, was short, lasting three days. It resulted in a deal raising pay 19% over three years at those hospitals.

It also led to promised staffing improvements, though the union and hospitals now disagree about how much progress has been made, or whether the hospitals are retreating from staffing guarantees.