Latin American banks see 155 % increase in scam attempts
iOS injection attacks increase 741 % as report reveals true scale of GenAI threats
CISO news
Latin American banks see 155 % increase in scam attempts
ata from 36 Latin American financial institutions serving a combined
D more than 300 million customers shows social engineering scams continue to plague the region, with scam attempts increasing 155 % in 2025.
Equally concerning, fraud attempts utilising a remote-access tool increased fivefold, reported malware attacks rose by 225 %, and fraud cases originating from stolen devices surged by 344 %.
“ What we’ re seeing in Latin America is a predictable evolution in fraud MOs in response to the defences banks have put in place,” said Tom Peacock, Director of Global Fraud Intelligence, BioCatch.“ Fraudsters often rely on the most basic forms of phishing and credential theft to elude the most basic fraud defences, but when banks start to improve customer authentication processes, criminals then shift toward real-time social engineering and remote access to victims’ devices.”
BioCatch, which prevents fraud and financial crime by recognising patterns in human behaviour, published these findings based off proprietary data from its customers in the region. Latin America also saw account takeover attempts almost triple between the end of 2024 and the beginning of 2026. Mexican banks saw the greatest spike in this regard, with cases increasing by more than a factor of four( 324 %).
While reported money mule accounts throughout Latin America increased by 42 % from the year before, Argentina recorded a 27 % decline in mule activity. In May of 2025, three Argentinian banks announced the launch of BioCatch Trust Argentina, the hemisphere’ s first and the world’ s secondever real-time inter-bank behaviour-based fraud and financial crime intelligencesharing network.
“ The success of real-time intelligencesharing in Argentina raises a key question:
Can the financial industry fight fraud without structural collaboration?” said Sebastian Cafaro, Head of Fraud Prevention, Santander Argentina.“ In an ecosystem where fraudsters share information in real time, competition between banks can become our greatest weakness. In fraud prevention, our rivals are not the other banks. Our rivals are the attackers.”
iOS injection attacks increase 741 % as report reveals true scale of GenAI threats
Proov has released its 2026 Threat Intelligence Report. Drawing on i live observations of criminal activity worldwide, the report examines how Generative AI is enabling threat actors to evolve their tactics and launch attacks faster and at greater scale.
Dr. Andrew Newell, Chief Scientific Officer at iProov, said:“ Identity is becoming the new battleground in cybersecurity. Generative AI is allowing attackers to industrialise digital impersonation at scale.”
Attacks targeting iOS devices accelerated rapidly throughout 2025. While the first half of the year saw a 14 % increase in injection attacks, activity surged in the second half, rising by 1,151 % compared with the same period in 2024. This reflects the industrialisation of techniques that are now deployed at scale.
Deepfakes are increasingly being used beyond identity verification systems and into everyday corporate workflows, particularly across video-based interactions. Advances in image-to-video generation, driven by widely accessible AI tools, are making it easier to create highly realistic synthetic identities from minimal source material.
Key findings
• Injection attacks targeting iOS devices surged by 1,151 % in the second half of 2025, contributing to a 741 % annual increase
• Deepfake impersonation is expanding within enterprises across everyday corporate workflows
• Southeast Asia experienced a 720 % spike in attacks in Q3 2025, highlighting the region’ s role as a testing ground for emerging fraud techniques
WWW. INTELLIGENTCISO. COM 11