2013 AFP Payments Fraud and Control Survey
In its ninth year, the AFP Payments Fraud and Control Survey series has examined the nature and frequency of fraudulent attacks on payments and the methods that organizations use to control them. In 2013, J.P. Morgan continued their long-term underwriting support to the survey series.
Payments fraud experienced by businesses remains persistent—61 percent of organizations—even as it declined for a third straight year. Three-quarters of organizations subject to fraud attempts during 2012 did not suffer actual losses from fraud.
Fraudsters aim for convenient targets of opportunity, especially big companies with many payment accounts: larger organizations were targeted more frequently than smaller ones (67 percent versus 50 percent) and with a higher average loss.
Download the report:
The 2013 AFP Payments Fraud and Control Survey provides :
- Fraud incidences by check, ACH and card payments
- Best practices to defend against fraud, including controls against hacking, phishing and other account takeover
- Expected impact of mandate to switch to EMV cards or EMV/NFC equipped mobile devices and payments trends
Previous AFP Payments Fraud and Control Surveys: