But AI is also used to help cybercriminals be more productive, especially when it comes to identity fraud – the most common fraud type today. How does AI-driven identity fraud work? According to one estimate, AI-driven fraud now accounts for over two-fifths (43%) of all fraud attempts recorded by the financial and payments sector. According to this report, digital forgeries account for over 57% of all document fraud – a 244% annual increase. According to this report, digital forgeries account for over 57% of all document fraud – a 244% annual increase.