Fraud Rockets Higher in Mobile-First Latin America

BioCatch reports a sharp increase in mobile-first financial fraud across Latin America in 2025 — social engineering rose ~155%, account takeover attempts and mobile RATs increased sharply, and banking Trojans (e.g., ToxicPanda and other Android-based malware) actively targeted customers and diverted payments. The surge is driven by chained techniques (voice scams → device takeover → fraudulent transfers), with Mexico, Brazil, and Colombia notably impacted while Argentina saw improvements after intelligence sharing; the report urges layered defenses and consortium-based fraud intelligence.