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AI has revolutionized fraud management for businesses, transitioning from manual transaction reviews to machine learning models that analyze signals in real time. A survey of over 4,000 payments leaders revealed that 47% of businesses now use AI for fraud detection and prevention, making it the most popular AI application in payments, with insurance, SaaS, and travel industries leading the way due to their complex processes and high-value transactions. SaaS platforms and marketplaces, in particular, report higher-than-average AI adoption rates because they face rapid fraud evolution, transaction, and merchant fraud, necessitating sophisticated tools to manage risk. As these sectors grow and onboard more users, the need for scalable AI solutions becomes increasingly critical to tackle the complexity and volume of fraud challenges. The report further explores how AI has exacerbated certain types of fraud and offers predictions for the future of AI in fraud management.