• News
    • Industry News
    • Company News
    • Funding Rounds
    • Partnerships
    • M&A
    • People News
  • Sector Updates
    • Blockchain & Cryptocurrencies
    • CyberTech
    • Data & Analytics
    • ESG FinTech
    • Funding Platforms
    • Infrastructure & Enterprise Software
    • InsurTech
    • Marketplace Lending
    • PayTech
    • PropTech
    • RegTech
    • WealthTech
  • Industry Research
    • Whitepaper: Addressing Advisor Movement in Wealth Management
  • Features
  • Events
    • AI FinTech Forum
    • AML & FinCrime Tech Forum
    • AML & FinCrime Tech Forum – USA
    • Data Management Tech Forum
    • ESG FinTech Summit
    • CX in Financial Services Forum
    • Global InsurTech Summit – Europe
    • Global InsurTech Summit – USA
    • Global RegTech Summit – Europe
    • Global RegTech Summit – APAC
    • Global RegTech Summit – USA
    • Global WealthTech Summit – Europe
    • Global WealthTech Summit – USA
  • FinTech Rankings
    • AIFinTech100
    • CyberTech100
    • ESGFinTech100
    • InsurTech100
    • RegTech100
    • WealthTech100
  • Market Maps
    • ESG FinTech
    • WealthTech
    • FinCrime Tech
  • Newsletters
  • Courses
    • Professional RegTech Certificate
  • Marketing
  • About Us
Search
  • LOG IN
Welcome! Log into your account
Forgot your password?
Recover your password
FinTech-Global FinTech-Global FinTech Global
  • News
    • Industry News
    • Company News
    • Funding Rounds
    • Partnerships
    • M&A
    • People News
  • Sector Updates
    • Blockchain & Cryptocurrencies
    • CyberTech
    • Data & Analytics
    • ESG FinTech
    • Funding Platforms
    • Infrastructure & Enterprise Software
    • InsurTech
    • Marketplace Lending
    • PayTech
    • PropTech
    • RegTech
    • WealthTech
  • Industry Research
    • Whitepaper: Addressing Advisor Movement in Wealth Management
  • Features
  • Events
    • AI FinTech Forum
    • AML & FinCrime Tech Forum
    • AML & FinCrime Tech Forum – USA
    • Data Management Tech Forum
    • ESG FinTech Summit
    • CX in Financial Services Forum
    • Global InsurTech Summit – Europe
    • Global InsurTech Summit – USA
    • Global RegTech Summit – Europe
    • Global RegTech Summit – APAC
    • Global RegTech Summit – USA
    • Global WealthTech Summit – Europe
    • Global WealthTech Summit – USA
  • FinTech Rankings
    • AIFinTech100
    • CyberTech100
    • ESGFinTech100
    • InsurTech100
    • RegTech100
    • WealthTech100
  • Market Maps
    • ESG FinTech
    • WealthTech
    • FinCrime Tech
  • Newsletters
  • Courses
    • Professional RegTech Certificate
  • Marketing
  • About Us
  • FinTech News
  • Company News
  • Industry News
  • Sector Updates
  • RegTech

Holiday scams spike 309% as fraudsters exploit peak shopping season

June 4, 2025
scams

Arkose Labs has released a new data-driven report detailing how modern threat actors are exploiting global events, emerging technologies and seasonal patterns to profit from digital fraud at an unprecedented scale.

The report, A Data-Driven Analysis of Threat Actor Behavior, draws on a year’s worth of scammer activity and provides rare insight into the psychology and tactics of fraudsters operating in today’s digital landscape.

The research reveals that a single fraudster can earn up to $145,176 by targeting just five gaming platforms using account takeover scams. The report also uncovers a 309% spike in sign-up attacks during the peak of the holiday shopping season in Q4 2024, with an earlier 48% surge recorded in Q3 during major global events such as the Super Bowl and U.S. elections. These patterns suggest that scammers are deliberately aligning attacks with high-traffic periods to maximise impact and evade detection.

Arkose Labs highlights the increasing sophistication of these threat actors, many of whom operate with support from “crime-as-a-service” platforms and leverage emerging tools like agentic AI to automate and scale their scams. The firm warns that these fraudsters are no longer isolated individuals but part of industrialised, organised operations with structured business models.

Arkose Labs chief operating officer Frank Teruel said, “The numbers are shocking. Threat actors are making major money attacking enterprises. This next generation of scammers is highly organized, supported by global crime-as-a-service platforms and rapidly adopting enabling technologies, like agentic AI. Our year-long analysis shows they time their scams around major events, emulate legitimate shoppers during the holidays and turn phishing into scalable business models…and that’s just the start.

“While we’re debating constraints around technology adoption, they’re on a tear expanding their reach. It’s time for cybersecurity, anti-fraud and risk leaders to soften the constraints on tech adoption and data sharing and start disrupting bad actors’ profit margins because if we’re not making fraud unprofitable, we’re making it inevitable.”

The report identifies the top countries of origin for attacks as the United States, Vietnam, Great Britain, Germany and Thailand. In a striking example, attackers in El Salvador were found to earn 20 times more from targeting gaming companies than from working as software developers.

The most affected industries include technology, social media, gaming, retail and FinTech. Attack methods are increasingly focused on key access points such as account sign-ups, sign-ins and account management systems. Arkose Labs outlines how attackers blend into legitimate user traffic, emulating real consumer behaviour to avoid detection.

Despite these challenges, the report also includes case studies showing how some enterprises are effectively disrupting fraud by increasing the cost of attacks and removing profitability. These efforts not only deter fraudsters but also help maintain seamless digital experiences for genuine users.

Arkose Labs’ findings underscore the urgent need for enhanced collaboration between cybersecurity professionals, risk teams and digital businesses. By sharing data and adopting cutting-edge tools, organisations can begin to tip the scales against organised digital fraud.

Read the full RegTech Analyst post here.

Keep up with all the latest FinTech news here

Copyright © 2025 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.

  • TAGS
  • account security
  • AI scams 2025
  • Arkose Labs
  • Cybersecurity 2025
  • DIGITAL FRAUD
  • Fintech
  • retail fraud 2025
  • threat actor analysis
Previous articleOptalitix launches Model Monitoring to transform insurance pricing oversight
Next articleFeedzai IQ combats GenAI fraud with federated learning and real-time risk scoring
dwillis

RELATED ARTICLESMORE FROM AUTHOR

fraud
Anti-Fraud

Why AI is the future of FinTech fraud detection

fraud
Anti-Fraud

Digital fraud prevention: 8 steps to protect your identity

Korea
Company News

Korea boosts anti-fraud defences with AI technology

AI
Company News

66% prefer banks with AI fraud protection

US FinTech deal activity Q3 2025
FinTech News

Californian companies dominated US FinTech deal activity with a third of all deals in Q3

Mastercard
Company News

Mastercard leads Europe’s first cyber defence test

Latest Analysis

European FinTech funding projection 2026
FinTech News

European FinTech funding projections for 2026 took a hit after a...

June 22, 2026
World cup countries FinTech deal activity
FinTech News

US firms dominated World Cup FinTech deal activity securing 42% of...

June 19, 2026
US WealthTech investment projection 2026
FinTech News

US WealthTech deal activity projected to grow by 27% in 2026...

June 18, 2026
US FinTech funding Q1 2026
FinTech News

US FinTech investment grew 16% YoY in Q1 driven by increase...

June 15, 2026
LatAm FinTech deal activity Q1 2026
FinTech News

Brazil reinforced its position as the main LatAm FinTech hub with...

June 12, 2026

News Stories

Plus500 launches 24/5 CFD trading on stocks and ETFs

Plus500 launches 24/5 CFD trading on stocks and ETFs

June 23, 2026
Plus500, a global multi-asset FinTech group operating proprietary technology-based trading platforms, has announced the rollout of 24/5 CFD trading on a selection of stocks...
Zillennials shift deposits to FinTech investing platforms

Zillennials shift deposits to FinTech investing platforms

June 23, 2026
A new report from Cornerstone Advisors, a financial services research and consulting firm, sponsored by InvestiFi, a provider of digital investing solutions for financial...
Gridline boosts AltComply with Hamilton Lane benchmarking

Gridline boosts AltComply with Hamilton Lane benchmarking

June 23, 2026
Gridline, a turnkey private markets platform for wealth management firms, has announced a strategic partnership and technology integration with Hamilton Lane, a global private...

Weecover makes case for modular AI in insurance

June 23, 2026
Weecover, an InsurTech platform specialising in insurance management and distribution technology, has argued that microservices architecture, not algorithms, is the decisive factor in successfully...
SumUp launches in Canada as its 38th market

SumUp launches in Canada as its 38th market

June 23, 2026
SumUp, a global FinTech company serving more than four million small merchants worldwide, has officially launched in Canada, marking its 38th market and its...
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
© FinTech Global © Copyright 2024. All rights reserved.

Technology partner
Advanced Vision IT

120,000+ FinTech leaders get exclusive industry stories delivered every week

MORE STORIES
iBanFirst brings AI invoice assistant iBanPay to UK

iBanFirst brings AI invoice assistant iBanPay to UK

October 8, 2025
The majority of wealth managers (70%) have expressed dissatisfaction or indifference towards their existing technology systems, according to recent research conducted by Avaloq.

Majority of wealth managers are dissatisfied or indifferent to their current...

February 6, 2024