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3 Solutions for Avoiding Wire Fraud Scams
- By Staff Writers
- Published: 3/30/2015
According to the 2015 AFP Payments Fraud & Control Survey, underwritten by J.P. Morgan, wire transfer fraud increased from 14 percent in 2013 to 27 percent in 2014. A key reason for this has been the rise in business email compromise (BEC) scams. At a recent meeting of AFP's Treasury Advisory Group, David Neshat, treasurer for Akamai Technologies Inc., explained how treasury teams can recognize these scams and avoid making mistakes that could cost their organizations millions of dollars. Look for more tips from Neshat and other experts in AFP's upcoming Payments Security Guide, to be released on April 7.
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