Digital Fraud Soars in Venezuela: Phishing and Identity Theft Target Banks

A recent study highlights a surge in digital fraud in Venezuela, with Phishing and identity theft increasingly targeting banks, raising concerns about financial security and consumer trust.

• In October 2025, a study among private Bank institutions in Venezuela revealed alarming rates of Phishing and identity theft incidents affecting customers financial security.
• The report indicated that fraudsters frequently utilize Social network platforms and deceptive Web page designs to impersonate legitimate banks, tricking users into revealing sensitive information.
• Concerns regarding Electoral fraud have also been raised, as the same tactics employed in digital scams could undermine the integrity of forthcoming elections in Venezuela.