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Story summary
- U.S. consumers lost $16 billion to fraud in 2025, a 25 percent rise and FTC record.
- Brent Whittington says fraud should be funded as enterprise risk, not a trimmed budget line.
- He recommends moving fraud ownership to a named executive with risk appetite and product-design input.
- Entrust’s 2026 Identity Fraud Report found deepfakes were one-fifth of biometric fraud attempts.
- The same report said deepfake selfie usage rose 58 percent.