2012 AFP Payments Fraud and Control Survey
In its eighth year, the AFP Payments Fraud and Control Survey
series has examined the nature and frequency of fraudulent attacks on
business-to-business payments, the environment that allows those attacks to
occur, and the methods that organizations use to control them. In 2012, J.P.
Morgan continued their long-term underwriting support to the survey series.
Payments fraud experienced by businesses remains persistent—66
percent of organizations—even as it has declined over the past two years with
large companies the prime target for fraudsters that target corporate payment
systems. Three-quarters of organizations
subject to fraud attempts during 2011 did
not suffer actual losses from fraud.
Fraudsters
aim for convenient targets of opportunity, especially big companies that handle
many checks: larger organizations were
targeted more frequently than smaller ones (81 percent versus 55 percent) and
with a 22 percent higher average loss.
Download the report:
The 2012 AFP Payments Fraud and Control Survey also studies:
- Fraud incidences by check, electronic check
conversion, ACH and card payments
- Best practices to defend against corporate
fraud, including controls against hacking, phishing and other account takeover
threats
- Compliance costs to meet the PCI Digital
Security Standard.
Previous AFP Payments Fraud and Control Surveys:
2011
2010
2009
2008
2007