Payments fraud is a key issue for treasury professionals as it relates to disbursements. Because of the nature of companies’ disbursement activities, they will always be a target for fraud, both internal and external. Collaborating with partners; adopting robust processes, controls and audit trails; and educating employees can help protect against the risk of fraud. MORE.

Recent Articles

  • Jul 1, 2024

    You’ve Discovered Payments Fraud. Now What?

    Has your organization been hit by payments fraud? First, know you are not alone. According to the AFP 2024 Payments Fraud Survey, underwritten by Truist, 80% of organizations were targets of either actual or attempted payments fraud in 2023 — a 15-percentage point increase from the previous year.
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  • Apr 23, 2024

    4 Ways to Reduce Payments Fraud

    A significant increase in fraud activity occurred in 2023 compared to the previous year, with a staggering 80% of organizations reporting being targeted by attempted or actual fraud attacks, according to results from the 2024 AFP Payments Fraud and Control Survey, underwritten by Truist. This statistic underscores the persistent and evolving nature of fraudsters, who remain relentless in their efforts to infiltrate payment systems.
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  • Apr 16, 2024

    AFP Survey Finds 80% of Organizations Experienced Payments Fraud in 2023

    Eighty percent of respondents report that their organizations were victims of attempted or actual payments fraud activity in 2023, according to the 2024 AFP Payments Fraud and Control Survey, underwritten by Truist.
    Learn More

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