Survey Research & Economic Data
2019 AFP Payments Fraud and Control Survey
Payments fraud continues to soar, as a record 82 percent of organizations reported incidents in 2018, according to the 2019 AFP Payments Fraud & Control Survey, underwritten by J.P. Morgan. Business Email Compromise (BEC) also set a record. Eighty percent of companies reported BEC fraud last year, up from 77 percent in 2017. While businesses are investing heavily in security measures, attacks against payments systems continue to persist, often shifting to the businesses’ less-protected, alternative payment methods.
AFP thanks J.P. Morgan for its underwriting support of this year’s Payments Fraud and Control Survey.
AFP Payments Fraud Dashboard:
Benchmark the nature and frequency of fraudulent attacks on business-to-business payments.
Access the AFP Payments Fraud Dashboard.
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Questions about this subject?
Contact Tom Hunt, Director of Treasury Services at AFP.