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 Risk Survey
Supported by Marsh McLennan
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Combating Fraud in a Remote Working Environment
Underwritten by MUFG
Insights from AFP’s Survey on Bank Relationship Management
Recent Articles
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Aug 26, 2024
What Treasury Professionals Need to Know About Check Fraud
Three in four organizations are still using checks, according to the 2024 AFP Payments Fraud and Control Survey, underwritten by Truist.Learn More -
Aug 8, 2024
Ask the Experts: Best Practices for Preventing Payments Fraud
At an AFP Member Meet-Up, Tom Hunt, CTP, Director of Treasury Services and Payments, discussed a wide range of payments fraud questions with a panel of payments experts.Learn More -
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
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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.