The frequency of synthetic identity fraud increased eight-fold in 2025, showing a shift in fraudsters’ tactics, according to the data analytics company’s latest Cybercrime Report. This points to a change in tactics among fraudsters, who are investing time in learning technologies such as generative AI to create sophisticated synthetic identities. The number one spot, with a 38% share, belongs to first-party fraud, which involves customers using their own identities to commit fraud, such as falsely disputing charges or failing to repay loans. This is followed by third-party account takeover (ATO), a form of identity theft in which malicious actors gain unauthorized access to user accounts. ATO fraud represented 17% of all recorded fraud