Lesson 4 of 6

Fraud in digital lending: false identities, account takeover and scams

A digital lender can lose money without any break-in to its systems: through a borrower who does not exist, a genuine account taken over, or a genuine customer who has been deceived. This lesson describes each route, what the FATF, the Egmont Group and INTERPOL found about cyber-enabled fraud, where controls sit along the life of a loan, how to measure a fraud check with two simple ratios, and how one market has set out who bears the loss.

Published 14 October 2026