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.
AFP Payments Fraud and Control Survey
The 2024 AFP® Payments Fraud and Control Survey Report documents 80% of organizations were victims of payments fraud attacks/attempts in 2023. This is a 15-percentage point increase over the previous year. Over 500 treasury practitioners participated in this survey and their responses form the basis of this report. The survey, now in its 20th year, is underwritten by Truist.
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2024 AFP Payments Fraud and Control Survey Report
Underwritten by Truist
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2023 AFP Liquidity Survey
Supported by Marsh McLennan
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Combating Fraud in a Remote Working Environment
Underwritten by MUFG
How Corporates can Standardize and Simplify the Global Language of Payments
Recent Articles
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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.Learn More -
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.Learn More -
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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AFP Continuing Education Quizzes
AFP provides CE Content Quizzes designed for CTP, CCM and FPAC credential holders, offering them an opportunity to assess their knowledge of industry topics through AFP publications.
Payments Fraud 2023/2024
As finance professionals, we must be ever vigilant against the schemes that could undermine our company or our career. In this series, we will cover the categories of fraud that we see around payments and provide some best practices on how to detect and prevent your company for unwittingly being caught up in one of these ploys.