For community banks, combating the latest fraud threats and scams can seem like a never-ending game of “Whack-a-mole.” With AI as a catalyst, fraud activity has grown substantially in recent years, with 60% of financial institutions reporting an increase over the past 12 months. Overall, Federal Trade Commission data showed that consumers reported losing more than $12.5 billion to fraud in 2024, a 25% increase over the previous year. In this article, we discuss the current fraud landscape, including emerging threats from AI. We also share how your bank can benefit from tapping into a robust...