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International Business Times UK
International Business Times UK
Business
Akshay Puri

Nine in 10 Banking Scams Now Start on Mobile as Job Scams Soar 258%, Report Warns

Investment scams caused the highest average losses, while purchase scams were most frequently reported among BioCatch customers. (Credit: This is an AI-Generated Image)

Nine in 10 reported banking scam sessions now originate on mobile devices, while the number of reported employment scam victims increased by 258%, according to BioCatch's 2026 Global Scams report.

The findings highlight the growing use of mobile channels in social engineering scams, in which criminals persuade customers to move money themselves rather than gaining direct access to their accounts.

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