2013 AFP Payments Fraud and Control Survey

Questions about this subject?

Contact Tom Hunt, AFP's Director of Treasury Services

Thanks to J.P. Morgan for its underwriting support of the 2013 AFP Payments Fraud 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:

2013 AFP Payments Fraud and Control Survey Introduction & Key Findings
Access the full 2013 AFP Payments Fraud and Control Survey (PDF,log-in required)
View the AFP Payments Fraud and Control Dashboard. Compare your organization’s incidence of payments fraud with that of peers.
Read the press release. Journalists, please contact pr@afponline.org for a copy of the full 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 threats
Expected impact of mandate to switch to EMV cards or EMV/NFC equipped mobile devices and payments trends

Organizations Subject to Actual or Attempted Payments Fraud

Actual Direct Financial Losses from Payments Fraud in 2012

Previous AFP Payments Fraud and Control Surveys:
2012
2011
2010
2009
2008
2007

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Finance Pros Need Broad Experience to Advance, Employers SayAttendees at last week's CTC Treasury Management Forum agreed that for treasurers to progress in their careers, it is essential that they gain a broad range of experience outside the treasury group.
2013 Comp Survey: Finance Pros See Healthy Salary IncreaseTreasury and finance professionals enjoyed healthy pay raises last year, according to the 2013 AFP Compensation Survey. Of the three job tiers referenced in the report - executive, management and staff level - the executive level saw the biggest boost.

2013 AFP Payments Fraud and Control Survey

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