Articles

Payments Security Guide Provides Insights for Fighting Fraud

  • By Andrew Deichler
  • Published: 4/14/2015
Incidents of payments fraud are escalating at an alarming rate as fraudsters continue to outpace technology developers and law enforcement in their level of sophistication. Meanwhile, risk mitigation and the institution of greater controls remain a top initiative for all organizations, because for now—right or wrong—the onus for protection of our businesses and our customers is on us.

Fraudsters can be anyone, anywhere. While those committing check fraud are after your organization’s funds, cybercriminals are more interested in stealing sensitive data, including emails, account numbers, credit and debit card numbers, and even the personal information needed to steal identities.

“Payback: Securing Your Payment Channels”, the AFP Payments Security Guide, underwritten by MUFG Union Bank, N.A., is a companion piece to the “2015 AFP Payments Fraud and Control Survey.” Designed to help treasury and finance professionals identify any weak payment channels or routines, it offers practical and preventive measures to improve payments security and protect your organization against fraud, and guidelines in case fraudulent activity does occur.

Featuring insights from the FBI Cyber Division, treasury professionals and AFP’s own subject matter experts, the AFP Payments Security Guide provides treasury and finance professionals with the tools they need to protect their organizations against today’s threats. Of course, no matter how many protections you invest in, your company’s money and data will never be 100 percent secure. But just because the threat is real doesn’t mean you can’t prevent it from doing major damage to your business.

Download Payback: Securing Your Payment Channels here.

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