Payments Fraud Resource Center

This web site is designed to providethe most objective resource on the topic of fraud developed with corporatepractitioners in mind. Throughout the year look for information about corporaterisks and vulnerabilities, techniques for thwarting fraud, and the latestarticles and other resources on the subject, including AFP's annual PaymentsFraud surveys. Opportunities for corporate practitioners to learn from peers atvirtual and face-to-face events are also listed.

Fraud Spotlight

• Connecting the Dots: Isolated Data Breaches Part of a Larger Trend
• 2013 AFP Payments Fraud and Control Survey | Update
• Fraud and Control Survey Report Archive

Fraud References

• CyberSource Resource Page
• Cybercrime: The Growing Global Threat
• Payments Fraud: The Battle Continues
• The Changing Nature of US Card Payment Fraud
• Fraud Advisory for Business: Corporate Account Take Over
• Industry & Government Information-Sharing Resources Related to Payments Fraud
• 2011 Data Breach Investigations Report
• FFIEC Supplement to Authentication in an Internet Banking Environment
• National Initiative for Cybersecurity Education Strategic Plan
• A Taxonomy of Operational Cyber Security Risks

• AFP Fraudwatch: Essential Controls for Treasury, Finance
  With payments fraud running rampant, a recent AFP webinar held by a treasury executive provided especially timely advice. Effective internal controls include exception processing, activity specific accounts and more.  
• AFP Fraudwatch: New Payment Channels Threaten Corporate Cash
  This week, the recent decrease in fraud incidents might be an indication that fraud is evolving, and moving to a new payments channel. Also, what do recent cybersecurity initiatives by the government mean for corporates?
• Retail Treasurers Question the Need for EMV
  Is there truly a need to accept EMV? Executives from three major retailers recently questioned whether any merchant needs to accept the standard. The reasons they cited included the costs of implementing EMV and even the overall necessity of it.
• Mobile Moves: Are Anonymous M-Payments Coming?
  Amazon has filed a patent for an “anonymous” mobile payments system, which would allow users to pay retailers without disclosing personal information. If the service comes to fruition, it could put to rest concerns about the security of mobile payments.
• April 2013 Payments Newsletter
  This month, we speak with treasurers and fraud experts and get their reactions to the 2013 Payments Fraud & Control Survey, underwritten by J.P. Morgan. Also this month, a follow-up to the CAPP Exercise, financial professionals get a big win in an appeals court ruling, the UK payments industry appears to be headed for stricter regulation, and more.